Policy Brief On Sustainable Energy And Green Industry Puerto Rico

1703 WordsApr 8, 20167 Pages
Policy brief on sustainable energy/green industry Puerto Rico Purpose section According to United Nations Industrial Development Organization (UNIDO) the term green industry is defined as an industry that ensures sustainable and viable future with no harm on our environment (UNIDO 2016). In Puerto Rico, manufacturing industry accounts for about 46.3 percent of Gross Domestic Product (GDP). This indicates that Puerto Rico is highly dependent on different manufacturing industries for its revenue. Similarly, according to Puerto Rico 2015 profile, about four-fifth of the energy comes from petroleum products which fuels largely transportation, electricity generation and manufacturing industries. In 2015, it was found that 51 percent of the…show more content…
Peurto Rico still rely heavily on petroleum products for energy and spends millions of dollar to import refined petroleum products. In order to reduce import of petroleum products and increase internal revenue, the government need to implement a policy which not only supports innovation but also look for energy source which is green and sustainable. Background As population and industrial development grow in Puerto Rico island, the demand for energy increases leading to proportionate increase in import of fossil fuel such as petroleum products. In Puerto Rico, the use of petroleum products started after agriculture became minor sector in 1940. From 1940s, manufacturing industries grew gradually and the use of different kind energy sources started. Although use of other energy sources such as natural gas, coal, electricity, renewable energy has picked up in last decade, there is still heavy reliance on petroleum products. On the other hand, generation of energy from renewable energy sources are comparatively at low in Puerto Rico which accounts only 2 percent of total energy use. Therefore, Puerto Rico need to invest more on renewable energy sources such as wind, solar. Current situation Although the Island state initiated strong incentives for the manufacture of renewable energy equipment in 2008 and passed legislation to cut back dependence on fossil fuels, the Island state was unable to implement because of lack the funds and capacity to
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