Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets
In this paper we investigate CO2 emission scenarios for Colombia and the effects of implementing carbon taxes and abatement targets on the energy system. By comparing baseline and policy scenario results from two integrated assessment partial equilibrium models TIAM-ECN and GCAM and two general equi...
| Main Authors: | , , , , , , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Elsevier
2016
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/75784 |
| _version_ | 1855521001400434688 |
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| author | Calderón, Silvia L Álvarez, Andrés Camilo Loboguerrero Rodriguez, Ana María Arango, Santiago Calvin, Katherine Kober, Tom Daenzer, Kathryn Fisher-Vanden, Karen |
| author_browse | Arango, Santiago Calderón, Silvia L Calvin, Katherine Daenzer, Kathryn Fisher-Vanden, Karen Kober, Tom Loboguerrero Rodriguez, Ana María Álvarez, Andrés Camilo |
| author_facet | Calderón, Silvia L Álvarez, Andrés Camilo Loboguerrero Rodriguez, Ana María Arango, Santiago Calvin, Katherine Kober, Tom Daenzer, Kathryn Fisher-Vanden, Karen |
| author_sort | Calderón, Silvia L |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In this paper we investigate CO2 emission scenarios for Colombia and the effects of implementing carbon taxes and abatement targets on the energy system. By comparing baseline and policy scenario results from two integrated assessment partial equilibrium models TIAM-ECN and GCAM and two general equilibrium models Phoenix and MEG4C, we provide an indication of future developments and dynamics in the Colombian energy system. Currently, the carbon intensity of the energy system in Colombia is low compared to other countries in Latin America. However, this trend may change given the projected rapid growth of the economy and the potential increase in the use of carbon-based technologies. Climate policy in Colombia is under development and has yet to consider economic instruments such as taxes and abatement targets. This paper shows how taxes or abatement targets can achieve significant CO2 reductions in Colombia. Though abatement may be achieved through different pathways, taxes and targets promote the entry of cleaner energy sources into the market and reduce final energy demand through energy efficiency improvements and other demand-side responses. The electric power sector plays an important role in achieving CO2 emission reductions in Colombia, through the increase of hydropower, the introduction of wind technologies, and the deployment of biomass, coal and natural gas with CO2 capture and storage (CCS). Uncertainty over the prevailing mitigation pathway reinforces the importance of climate policy to guide sectors toward low-carbon technologies. This paper also assesses the economy-wide implications of mitigation policies such as potential losses in GDP and consumption. An assessment of the legal, institutional, social and environmental barriers to economy-wide mitigation policies is critical yet beyond the scope of this paper. |
| format | Journal Article |
| id | CGSpace75784 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace757842025-02-19T13:57:48Z Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets Calderón, Silvia L Álvarez, Andrés Camilo Loboguerrero Rodriguez, Ana María Arango, Santiago Calvin, Katherine Kober, Tom Daenzer, Kathryn Fisher-Vanden, Karen climate change agriculture food security In this paper we investigate CO2 emission scenarios for Colombia and the effects of implementing carbon taxes and abatement targets on the energy system. By comparing baseline and policy scenario results from two integrated assessment partial equilibrium models TIAM-ECN and GCAM and two general equilibrium models Phoenix and MEG4C, we provide an indication of future developments and dynamics in the Colombian energy system. Currently, the carbon intensity of the energy system in Colombia is low compared to other countries in Latin America. However, this trend may change given the projected rapid growth of the economy and the potential increase in the use of carbon-based technologies. Climate policy in Colombia is under development and has yet to consider economic instruments such as taxes and abatement targets. This paper shows how taxes or abatement targets can achieve significant CO2 reductions in Colombia. Though abatement may be achieved through different pathways, taxes and targets promote the entry of cleaner energy sources into the market and reduce final energy demand through energy efficiency improvements and other demand-side responses. The electric power sector plays an important role in achieving CO2 emission reductions in Colombia, through the increase of hydropower, the introduction of wind technologies, and the deployment of biomass, coal and natural gas with CO2 capture and storage (CCS). Uncertainty over the prevailing mitigation pathway reinforces the importance of climate policy to guide sectors toward low-carbon technologies. This paper also assesses the economy-wide implications of mitigation policies such as potential losses in GDP and consumption. An assessment of the legal, institutional, social and environmental barriers to economy-wide mitigation policies is critical yet beyond the scope of this paper. 2016-05 2016-06-23T02:53:32Z 2016-06-23T02:53:32Z Journal Article https://hdl.handle.net/10568/75784 en Open Access Elsevier Calderon S, Alvarez AC, Loboguerrero AM, Arango S, Calvin K, Kober T, Fisher-Vanden K, Daenzer K. 2016. Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets. Energy Economics 56:575–586. |
| spellingShingle | climate change agriculture food security Calderón, Silvia L Álvarez, Andrés Camilo Loboguerrero Rodriguez, Ana María Arango, Santiago Calvin, Katherine Kober, Tom Daenzer, Kathryn Fisher-Vanden, Karen Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets |
| title | Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets |
| title_full | Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets |
| title_fullStr | Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets |
| title_full_unstemmed | Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets |
| title_short | Achieving CO2 Reductions In Colombia: Effects of Carbon Taxes and Abatement Targets |
| title_sort | achieving co2 reductions in colombia effects of carbon taxes and abatement targets |
| topic | climate change agriculture food security |
| url | https://hdl.handle.net/10568/75784 |
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