- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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Additional sources:
International Trade Administration: https://www.trade.gov/country-commercial-guides/uruguay-renewable-energy-equipment
DW: https://www.dw.com/en/uruguay-leads-green-energy-charge-in-latin-america/a-59492982
NPR: https://www.tspr.org/2023-11-10/uruguay-is-a-renewable-energy-utopia-how-did-it-get-there
12% of Uruguay’s GDP into renewables to get there. That’s impressive.
12% of the US’ GDP would be 2.7 trillion dollars. Or a bit more than 3 years of the US millitary budget.
It’s not even quite that - the article suggested they raised the commercial equivalent of the 12% through competitive auction. These allow the bidders a set price over 20 years.
So it’s cheaper than buying in fossil fuels, the suppliers get certainty, and they achieve close to complete decarbonisation using private investment.
How good is that?
