CABEI promotes electromobility in Costa Rica

22/02/2019
CABEI has implemented financial products and services to promote energy efficiency and the reduction of carbon dioxide emissions in the region.
CABEI has implemented financial products and services to promote energy efficiency and the reduction of carbon dioxide emissions in the region.

CABEI will lead the support for electromobility and the decarbonization of the region's economy.

San José, February 22, 2019.- Electromobility represents a great opportunity for Central America due to its electric power generation capacity based on the renewable sources that exist in the region. Each Central American country has taken considerable steps in the decarbonisation of economies and the creation of sustainable environmentally friendly alternatives within its energy generation and use schemes.

In this line and with the objective of promoting sustainable electromobility in the region, the Costa Rican Electric Mobility Association (ASOMOVE) held the "Consultation Workshop for Regional and National Entities Interested in Financing for Electromobility." The event was sponsored by the Central American Bank for Economic Integration (CABEI).

During the meeting, a presentation was made regarding the outlooks and progress of electric mobility in order to contribute to climate change adaptation and mitigation with special emphasis on the need to identify greater sources of reimbursable and non-reimbursable resources that allow for the promotion of financing and technical assistance for electromobility.

CABEI Country Manager for Costa Rica, Mauricio Chacón, explained that there is a great challenge in this area; as the region's strategic ally, the Bank fosters the incorporation of more environmentally friendly technologies and seeks financial mechanisms to support these initiatives.

The workshop was attended by representatives of the Central American Integration System; the Central American Commission for Environment and Development; the Central American Economic Integration Secretariat; the Mesoamerica Integration and Development Project; the Central American and Caribbean Energy Federation; and at a local level by the Costa Rican Association of Energy Producers; EPER-Lab University of Costa Rica; the Costa Rican Institute of Electricity; and the Secretariat of Planning of the Energy Subsector.

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