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OECD Investment Policy Reviews: Costa Rica 2013

image of OECD Investment Policy Reviews: Costa Rica 2013

OECD's comprehensive review of investment policy in Costa Rica.  After an overview of the country, the review examines investment policy, investment promotion and facilitation as well as infrastructure in Costa Rica.

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Costa Rica's policy framework for green investment

The objective of this chapter is to analyse Costa Rica’s policy framework in support of green investment. A framework for green investment is in many aspects similar to an enabling framework for investment in general. However, a good investment framework will not necessarily contribute to direct investment in green (or less polluting) activities and operations unless certain elements are also given. These include: a strong government commitment to support green growth and promote private investment to achieve these goals; policies and regulations that guide investors towards greener investment, including policies promoting green business conduct, adequate institutional capacity to design, implement and monitor green investment policies, and policies supporting private participation in green infrastructure projects; institutional capacity to design and implement investment policies in support of green growth objectives; and financial incentives for green investment.Costa Rica has long-standing experience in promoting economic growth while preserving environmental resources. It has been recognised as a leader in sustainable policy and practice, and has been highly praised for the way in which it has managed its natural endowments in a sustainable way. In 2009, it pledged to become carbon neutral by 2021. Moving forward on this objective will require higher levels of private investment in sectors such as electricity generation, transport and sustainable tourism.

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