Valuing nature's energy: A monetary account of Costa Rica's renewable energy resources
Conference
65th ISI World Statistics Congress
Format: IPS Abstract - WSC 2025
Session: IPS 835 - Early Implementation of Most Challenging Recommendations Included in the New SNA and ESA
Monday 6 October 2 p.m. - 3:40 p.m. (Europe/Amsterdam)
Abstract
Costa Rica is internationally recognized for its renewable electricity matrix, primarily supported by hydro, geothermal, and wind power. This presentation introduces the preliminary results of the monetary valuation of renewable energy assets, developed within the framework of environmental-economic accounts. Drawing on data from the Central Bank of Costa Rica and the Costa Rican Electricity Institute, the study applies national accounts methodologies to estimate production, gross operating surplus, fixed capital consumption, and resource rents associated with renewable energy. The valuation is conducted using net present value techniques, with assumptions regarding asset lifetimes, discount rates, and returns on capital. The results highlight the dynamics of renewable energy assets, reflecting both increases due to expanded capacity and downward adjustments linked to price movements. This work represents an important step toward incorporating renewable energy resource valuation into national accounts, strengthening the evidence base for policymaking and supporting Costa Rica’s sustainable development strategies