Macroeconomic impacts of climate change mitigation in Latin America: A cross-model comparison

Kober, Tom; Summerton, Philip; Chewpreecha, Unnada; Ren, Xiaolin; Wills, William; Octaviano, Claudia; McFarland, James; Beach, Robert; Cai, Yan; Calderón, Silvia Liliana; Fisher‐Vanden, Karen; Loboguerrero, Ana María

doi:10.1016/j.eneco.2016.02.002

Cited by 32 publications

(14 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Unfortunately, the allocation of carbon tax revenue back into the country's economy as subsides to the representative consumer is not possible in Colombia, as 75 % of this income is going to be invested in rural development projects [12], that, even when they can be environmentally sustainable, would not impact heavily in the energy matrix. In [29], it is shown how only with a carbon tax around 165 EUR/tonne would the country see an emission abatement of 60 % but the effect on GDP varies from one model to another. It is also mentioned that to achieve the best results, the carbon tax should also be applied to fossil fuel exports, (which are currently excluded of [30]), resulting in a decline of coal expo rts, just to recover around 2040 when carbon capture and storage (CCS) had been deployed for electricity production from coal [29].…”

Section: Methodsmentioning

confidence: 99%

“…In [29], it is shown how only with a carbon tax around 165 EUR/tonne would the country see an emission abatement of 60 % but the effect on GDP varies from one model to another. It is also mentioned that to achieve the best results, the carbon tax should also be applied to fossil fuel exports, (which are currently excluded of [30]), resulting in a decline of coal expo rts, just to recover around 2040 when carbon capture and storage (CCS) had been deployed for electricity production from coal [29]. Furthermore, it is established that carbon tax value is 5 EUR/tCO2 and it will be increased annually by 10 % until reaching 10 EUR$/tonCO2, when a tax reform for this should be implemented again [29].…”

Section: Methodsmentioning

confidence: 99%

“…Having in mind the results from [12] and the forecast from [2] and [24], the electricity market must grow rapidly and mainly from wind and solar power to reach an extra 90 % of its now installed capacity by 2050, as can be seen in Fig. 5 [12], [29], where it has been estimated the country will have a considerable increase in its GDP with an economy still depending on energy consumption and the necessity of reducing its GDP intensity in terms of CO2 emissions. Once the country has achieved an electrical grid with a higher share of non-conventional renewable energy sources, its GDP may keep growing with a lower energy intensity and lower upward behaviour.…”

Section: Economic Assessment and Abatement Potentialmentioning

confidence: 99%

“…Once the country has achieved an electrical grid with a higher share of non-conventional renewable energy sources, its GDP may keep growing with a lower energy intensity and lower upward behaviour. If by 2045, CCS and BECCS come to be economically feasible and available on a large scale, the economy of the country might be boosted by increasing once again the coal exports [12], [29]. As shown in Fig.…”

Section: Economic Assessment and Abatement Potentialmentioning

confidence: 99%

See 3 more Smart Citations

Use of Multi-Criteria TOPSIS Analysis to Define a Decarbonization Path in Colombia

Diaz

Cilinskis

2019

Environmental and Climate Technologies

View full text Add to dashboard Cite

In the past few years, Colombia has begun to implement new laws according to new global trends, however, carbon dioxide emissions have not decreased despite country commitments according to the Paris agreement and other international treaties. In this paper, a pathway to achieve full decarbonization of the energy system of the country has been analysed using a multi-criteria analysis tool and considering several options from previous studies, evaluating three different abatement scenarios obtained by different models. Then, a Strength, Weakness, Opportunities and Threats (SWOT) analysis is conducted in order to propose a set of environmental policies that aid in seeking greater reduction of greenhouse gas emissions (GHG) in sectors as agriculture, forestry, land use and transport. This set of measures is then summarized, and their abatement costs and GHG reduction potential are displayed. The outcomes show the country has great potential to exploit its renewable natural resources and indicates how a new electricity mix may not only decrease GHG emissions but also reduce the levelized cost of electricity for the end users.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Economic Assessment and Abatement Potentialmentioning

confidence: 99%

Section: Economic Assessment and Abatement Potentialmentioning

confidence: 99%

See 2 more Smart Citations

Use of Multi-Criteria TOPSIS Analysis to Define a Decarbonization Path in Colombia

Diaz

Cilinskis

2019

Environmental and Climate Technologies

View full text Add to dashboard Cite

show abstract

“…13 E3ME had been successfully applied previously by Cambridge Econometrics to assess energy and climate policies for institutions such as the European Commission [27], the Irish and UK Governments [28], Renewable UK [29]. Other examples of recent applications of E3ME include: [18][19][20][30][31][32][33][34][35][36].…”

Section: Methodsmentioning

confidence: 99%

Measuring the socio-economic footprint of the energy transition

Garcia-Casals¹,

Ferroukhi²,

Parajuli³

2019

Energy Transit

View full text Add to dashboard Cite

The energy system is often treated as a self-contained system, disconnected from the broader socioeconomic structures it is built upon. Understanding the enabling environment and structural elements will help to maximize the benefits of the transition and increase awareness of potential barriers and necessary adjustments along the way. IRENA has developed a methodology to measure the socioeconomic footprint of energy transition roadmaps using the E3ME macro-econometric model, which evaluates the likely impacts in terms of gross domestic product (GDP), employment and human welfare. It is based on well-established historical databases and has a proven track record of policy applications. The presented socioeconomic footprint analysis is based on the IRENA REmap energy transition roadmap 2018 that explores a higher deployment of low-carbon technologies, mostly renewable energy and energy efficiency. The results show that, with appropriate policies in place, reducing over 90% of the energy-related carbon dioxide emissions from the reference case via renewables and energy efficiency coupled with deep electrification of end-uses, results in consistently positive global GDP impacts across the period of analysis from 2018 to 2050. Across the world economy, the transition case leads to a relative increase of employment by 0.14% over the reference case throughout the analysed period from 2018 to 2050. In addition to GDP and employment growth, the energy transition can offer broader welfare gains. However, not all countries and regions around the world benefit equally, and just transition policies must be included to ensure all regions and communities are able to take advantage of the energy transition.

show abstract

Macro-economic analysis of green growth policies: the role of finance and technical progress in Italian green growth

2019

View full text Add to dashboard Cite

Macroeconomic impacts of climate change mitigation in Latin America: A cross-model comparison

Cited by 32 publications

References 8 publications

Use of Multi-Criteria TOPSIS Analysis to Define a Decarbonization Path in Colombia

Use of Multi-Criteria TOPSIS Analysis to Define a Decarbonization Path in Colombia

Measuring the socio-economic footprint of the energy transition

Macro-economic analysis of green growth policies: the role of finance and technical progress in Italian green growth

Contact Info

Product

Resources

About