Committed Emissions and the Risk of Stranded Assets from Power Plants in Latin America and the Caribbean

Lecuyer, Oskar; González-Mahecha, Esperanza; Hallack, Michelle; Bazilian, Morgan; Vogt-Schilb, Adrien

doi:10.18235/0001827

Cited by 7 publications

(8 citation statements)

References 33 publications

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“…A nivel macro, el Estado requiere de más fondos para reemplazar así el equipamiento "contaminante" antes de tiempo. Según un informe del Banco Interamericano de Desarrollo (BID), estos proyectos estarían afectando a los compromisos de emisiones oportunamente elevados (González-Mahecha et al, 2019). Así, si los gobiernos de la región avanzan con los proyectos, pero intentan cumplir lo comprometido, las empresas proveedoras de electricidad deberían dar de baja entre un 10% y un 16% de la capacidad instalada.…”

Section: Financiamiento Del Desarrollo: ¿Resulta Conveniente Todo Lo Que Llega?unclassified

Financiamiento verde en América Latina y el Caribe: debates, debilidades, desafíos y amenazas

Stanley¹

2021

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Resulta ampliamente reconocido que el cambio climático y el financiamiento están estrechamente relacionados, y que se requieren más fondos pero que también es preciso adoptar una nueva mirada. Pensar el problema del financiamiento “verde” de manera aislada no sirve. Resulta imperioso repensar el financiamiento como parte integral de un nuevo modelo de producción e inserción global. Ello implica aproximarse de forma diferente al crecimiento, de modo que se busque generar valor desde otra perspectiva. Transformar las finanzas supone modificar el régimen de inversión extranjera vigente. Además, resulta esencial repensar el rol de la inversión en el desarrollo económico y social, abandonando la idea de que cualquier aumento del PIB es exitoso sin importar el costo. Se requiere otro enfoque, superar el dilema de un horizonte bloqueado, que se asocia al cortoplacismo que caracteriza al sistema financiero actual. Debemos observar las necesidades de financiamiento ligadas al combate del cambio climático, pero también a los costos financieros de la inacción. Manejar la incertidumbre en el contexto actual requiere un cambio metodológico, que reconozca la imposibilidad de determinar a ciencia cierta cuáles son los peligros que conlleva la inacción. Pero que también condene aquellas acciones que perpetúan un modelo energético anclado en el pasado, junto con el financiamiento que lo hace factible. La interacción entre cambio climático y macroeconomía ya no puede soslayarse; ello obliga a evaluar una serie de propuestas políticas en discusión. Si tras la crisis surgió la necesidad de preservar la estabilidad financiera, las autoridades monetarias comienzan ahora a introducir nuevas regulaciones para impedir la irrupción de riesgos ligados al cambio climático. Independientemente de las ideas e instrumentos que se proponen en los países desarrollados, resulta imprescindible reconocer la especificidad de América Latina, y la visión particular que debería adoptarse en el análisis de la interacción entre política macroeconómica y cambio climático.

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Section: Financiamiento Del Desarrollo: ¿Resulta Conveniente Todo Lo Que Llega?unclassified

Financiamiento verde en América Latina y el Caribe: debates, debilidades, desafíos y amenazas

Stanley¹

2021

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“…Continuing to bet on coal, however, risks stranding assets on both the extraction and combustion sectors. Furthermore, additional investments in coal-fired capacities in Colombia linked to the objective of guaranteeing power system reliability and security of energy supply could increase committed emissions from the electricity sector in Latin America and imperil large economic resources to cater other necessary investments (Delgado et al, 2021;González-Mahecha et al, 2019). This reveals the tension between Colombia's increasingly ambitious climate pledges and the reality of its minerals-energy and economic recovery policies.…”

Section: Discussionmentioning

confidence: 99%

“…Since most energy planners counted on Hidroituango to be fully functional by 2019 [npa5], policymakers were quick to suggest the fast deployment of new gas-and coal-fired power plants to provide reliable electricity instead. These developments could stall additional expansion of renewables risking both renewable energy targets and climate policy commitments [nsa7, isa2] (Arango- Aramburo et al, 2020;González-Mahecha et al, 2019).…”

Section: Guaranteeing Power System Reliability and Security Of Energy...mentioning

confidence: 99%

“…This could explain the absence of strategies to phase-out or -down fossil fuel extraction in Colombia's climate policies and their disconnect with energy production [isa1] (Piggot et al, 2020). For some, continuing to bet on fossil fuel extraction and combustion is a risky strategy [npa1, isa2] as reiterated by the 2020 crash in oil prices, and the COVID-19 pandemic (Piggot et al, 2020;Yanguas Parra et al, 2021), and could even increase committed emissions from the electricity sector in Latin America (Delgado et al, 2021;González-Mahecha et al, 2019).…”

Section: Disconnect Between Climate Goals and Mineral-energy Planning...mentioning

confidence: 99%

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The Political Economy of Coal

Jakob¹,

Steckel²

2022

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This volume provides an overview of the political economy of coal in diverse country contexts.Coal is the largest source of greenhouse gas emissions globally, accounting for about 40 percent of energy-related CO 2 emissions. Continued construction of coal-fired power plants could make the climate targets of the Paris Agreement infeasible to achieve. In spite of sharply declining costs for renewable energy sources, many countries still heavily rely on coal to meet their energy demand. The predominance of coal can only be adequately understood in light of the political factors that determine energy policy formulation. To this end, this edited volume assembles a wide variety of case studies exploring the political economy of coal for across the globe. These includes industrial and developing nations, coal importers and exporters as well as countries that are either substantial coal users, are just beginning to ramp up their capacities, or have already initiated a coal phase-out. Importantly, all case studies are structured along a unifying framework that focuses on the central actors driving energy policy formulation, their main objectives as well as the context that determines to what extent they can influence policy making. This large set of comparable studies will permit drawing conclusions regarding key similarities as well as differences driving coal use in different countries. This book will be of great interest to students and scholars of energy, climate change, resource management, and sustainable development. It will also appeal to practitioners and policymakers involved in sustainable development.

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“…The impacts of "Global Warming of 1.5°C above pre-industrial levels" (IPCC Report, 2018) have been discussed thoroughly in the literature. For example, (González-Mahecha et al, 2019) estimate that up to 16% of active power plants in Latin America and the Caribbean (LAC) should be closed to meet carbon budgets. On the one hand, the existing coal-fired power plants are getting old (retirement); on the other hand, the electricity consumption (demand) is increasing worldwide.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Green Technology Development in Kazakhstan

Abdildin

Nurkenov

Kerimray

2021

IJEEP

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Although Kazakhstan is a fossil fuel rich country, policymakers desire to develop a green and sustainable economy and to contribute to the global energy transition. To understand the overall situation in green technology development in the industrial sector, we conducted the first countrywide study in Kazakhstan. In this paper, we present the results of the large survey on the use of "green technologies" by industrial companies in every region of the country. We aggregate the 380 reported cases of the use of green technologies by sectors like energy production, waste management, and others. We found the largest number of cases accumulated in the waste management sector, and the smallest in green building construction. Our work shows that only 266 out of 877 (~30%) industrial organizations in Kazakhstan utilize some form of green technology. Based on detailed analysis of 141 organizations, the Karagandy, East Kazakhstan, Aktobe, and Atyrau regions reported the largest number of applications of green technologies among the 17 administrative-territorial units of Kazakhstan. We also discuss barriers to the diffusion of clean technologies. We believe that this work will be of interest to politicians, environmentalists, and practitioners who are concerned about the impacts of global warming.

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Committed Emissions and the Risk of Stranded Assets from Power Plants in Latin America and the Caribbean

Cited by 7 publications

References 33 publications

Financiamiento verde en América Latina y el Caribe: debates, debilidades, desafíos y amenazas

Financiamiento verde en América Latina y el Caribe: debates, debilidades, desafíos y amenazas

The Political Economy of Coal

Analysis of Green Technology Development in Kazakhstan

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