Costa Rica: The Luxury of Misery

With 19% endemic poverty, 10% open unemployment and 40% informal employment, and some of the highest electricity rates in the region, Costa Rica is opposed to US$1 billion in clean energy investments.
Meanwhile, the bureaucracy of state-owned companies continues to prescribe first-world remuneration, and continues to protect its privileges following ECLAC development concepts from the middle of the last century, which are utterly out of place today. Because Costa Rica does not have the investment capacity or know-how necessary for the development of latest generation renewable energy projects, even though it has all of the necessary primary conditions: sun, wind, thermal energy.
The state company that holds the monopoly on energy production, the Costa Rican Institute of Electricity (Instituto Costarricense de Electricidad or ICE), boasts that the

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