Faculty Advisor

Madan, Aarti Smith

Faculty Advisor

Madan, Ryan Smith

Center

COSTARICA / Costa Rica

Abstract

This report explores financing strategies for energy service companies (ESCOs) in Costa Rica. ESCOs, like Ener-G Tech Investments, partner with businesses to complete energy efficiency projects, generating monetary savings and environmental benefits. The ESCO industry here is undeveloped and unsupported. We identified three financing strategies to encourage more efficiency projects: carbon offsets, sustainable banking and crowdfunding. To summarize, offsets are not currently viable, domestic banks have environmental loan options, and a crowdfunding campaign was initiated for an Ener-G project.

Publisher

Worcester Polytechnic Institute

Date Accepted

May 2015

Project Type

Interactive Qualifying Project

Accessibility

Unrestricted

Advisor Department

Humanities and Arts

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