Renewable Energy Resources
The “Indicative plan for the generation in the electricity sector in Nicaragua, 2003-2014” does not set any target or legal obligation for the development of renewable resources in the country. However, in April 2005, the government approved Law No. 532., the “Law on Promotion of Electricity Generation with Renewable Resources”. This law declared the development and exploitation of renewable resources to be in the national interest and established tax incentives for renewables.
Read more about this topic: Electricity Sector In Nicaragua
Famous quotes containing the words energy and/or resources:
“The chief function of the city is to convert power into form, energy into culture, dead matter into the living symbols of art, biological reproduction into social creativity.”
—Lewis Mumford (1895–1990)
“When we want culture more than potatoes, and illumination more than sugar-plums, then the great resources of a world are taxed and drawn out, and the result, or staple production, is, not slaves, nor operatives, but men,—those rare fruits called heroes, saints, poets, philosophers, and redeemers.”
—Henry David Thoreau (1817–1862)