The Central Bank of Costa Rica published its latest private-sector environmental protection expenditure (GPA) account for 2022, reporting total spending of CRC 118,325 million, equivalent to 0.26% of GDP. The release also updates the material flow account and environment-related fiscal revenue data through 2024. In the 2022 GPA results, 80% of private-sector environmental spending was current expenditure and 20% was capital investment. Within capital spending, 62% went to technologies to treat waste generated by production processes and 38% to integrated technologies that enable cleaner production with lower environmental impact. Manufacturing accounted for 37% of total spending, followed by activities specialised in environmental protection at 20%, including wastewater evacuation and waste management. The 2024 material flow account shows domestic extraction of 44.2 million tonnes, comprising 19.6 million tonnes of biomass and 24.6 million tonnes of non-metallic minerals, which represented 56% of extracted volume; biomass led exports at 6.9 million tonnes (78% of total exports), while the country remained a net importer with 11.6 million tonnes imported, almost 3 million tonnes more than exports. Environment-related fiscal revenues represented 2.12% of GDP in 2024, with 98% concentrated in energy-related taxes (61%, driven by the single fuel tax) and transport-related revenues (37%, led by the vehicle property tax).

Original source View in tracker