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dc.creatorBinsted, Matthew 
dc.creatorIyer, Gokul 
dc.creatorEdmonds, James 
dc.creatorVogt-Schilb, Adrien 
dc.creatorArguello, Ricardo 
dc.creatorCadena, Angela 
dc.creatorDelgado, Ricardo 
dc.creatorFeijoo, Felipe 
dc.creatorLucena, Andr F P 
dc.creatorMcJeon, Haewon 
dc.creatorMiralles-Wilhelm, Fernando 
dc.creatorSharma, Anjali 
dc.date.accessioned2020-05-26T00:07:00Z
dc.date.available2020-05-26T00:07:00Z
dc.date.created2020
dc.identifier.issn17489326
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23951
dc.description.abstractAchieving the Paris Agreement's near-term goals (nationally determined contributions, or NDCs) and long-term temperature targets could result in pre-mature retirement, or stranding, of carbon-intensive assets before the end of their useful lifetime. We use an integrated assessment model to quantify the implications of the Paris Agreement for stranded assets in Latin America and the Caribbean (LAC), a developing region with the least carbon-intensive power sector in the world. We find that meeting the Paris goals results in stranding of $37-90 billion and investment of $1.9-2.6 trillion worth of power sector capital (2021-2050) across a range of future scenarios. Strengthening the NDCs could reduce stranding costs by 27%-40%. Additionally, while politically shielding power plants from pre-mature retirement or increasing the role of other sectors (e.g. land-use) could also reduce power sector stranding, such actions could make mitigation more expensive and negatively impact society. For example, we find that avoiding stranded assets in the power sector increases food prices 13%, suggesting implications for food security in LAC. Our analysis demonstrates that climate goals are relevant for investment decisions even in developing countries with low emissions. © 2020 The Author(s). Published by IOP Publishing Ltd.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.relation.ispartofEnvironmental Research Letters, ISSN:17489326, Vol.15, No.4 (2020)
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85083663139&doi=10.1088%2f1748-9326%2fab506d&partnerID=40&md5=2214f5cc38c925fb00dcd46ea9c8f3ec
dc.titleStranded asset implications of the Paris Agreement in Latin America and the Caribbean
dc.typearticle
dc.publisherInstitute of Physics Publishing
dc.subject.keywordCarbon
dc.subject.keywordDeveloping countries
dc.subject.keywordFood supply
dc.subject.keywordInvestments
dc.subject.keywordLand use
dc.subject.keywordDeveloping regions
dc.subject.keywordFood security
dc.subject.keywordIntegrated assessment models
dc.subject.keywordInvestment decisions
dc.subject.keywordLatin America and the Caribbean
dc.subject.keywordLow emission
dc.subject.keywordPower sector
dc.subject.keywordUseful lifetime
dc.subject.keywordEconomics
dc.subject.keywordEmission control
dc.subject.keywordFood security
dc.subject.keywordInternational agreement
dc.subject.keywordInvestment
dc.subject.keywordMitigation
dc.subject.keywordRetirement
dc.subject.keywordStandard (regulation)
dc.subject.keywordLatin America
dc.subject.keywordIntegrated assessment modeling
dc.subject.keywordLatin america
dc.subject.keywordParis agreement
dc.subject.keywordStranded assets
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaArtículo
dc.rights.accesoAbierto (Texto Completo)
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.identifier.doihttps://doi.org/10.1088/1748-9326/ab506d
dc.relation.citationIssueNo. 4
dc.relation.citationTitleEnvironmental Research Letters
dc.relation.citationVolumeVol. 15
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR


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