Ítem
Acceso Abierto
Economic evaluation of Colombia’s commitment at COP21
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Autores
Álvarez-Espinosa A.C.
Ordóñez D.A.
Nieto A.
Wills W.
Romero G.
Calderón S.L.
Hernández G.
Argüello R.
Delgado-Cadena R.
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Fecha
2017
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Universidad de los Andes, Facultad de Economia
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Abstract
The document presents the economic impacts from the fulfillment of Colombia’s commitment of the Paris Agreement on climate change. The traditional analysis is done with marginal curves of abatement costs. However, this technique has a set of limitations, which can be solved with a computable general equilibrium (CGE) model. Using the CGE for Colombia (MEG4C), the results show that growth rate of GDP would increase by 0.15% annually, for the period 2020-2040. On the other hand, the structural unemployment rate is reduced by the implementation of mitigation measures in the medium and long term. Due to the economic structure and the emissions matrix, the implementation of measures should be associated with energy efficiency in the transport, industrial and residential sectors, which will generate positive impacts on economic growth. © 2017, Universidad de los Andes, Facultad de Economia. All rights reserved.
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Keywords
Climate change , Computable general equilibrium models , COP21 Paris , Mitigation
