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Stranded asset implications of the Paris Agreement in Latin America and the Caribbean

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dc.creatorBinsted, Matthewspa
dc.creatorIyer, Gokulspa
dc.creatorEdmonds, Jamesspa
dc.creatorVogt-Schilb, Adrienspa
dc.creatorArguello, Ricardo
dc.creatorCadena, Angelaspa
dc.creatorDelgado, Ricardospa
dc.creatorFeijoo, Felipespa
dc.creatorLucena, Andr F Pspa
dc.creatorMcJeon, Haewonspa
dc.creatorMiralles-Wilhelm, Fernandospa
dc.creatorSharma, Anjalispa
dc.date.accessioned2020-05-26T00:07:00Z
dc.date.available2020-05-26T00:07:00Z
dc.date.created2020spa
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.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1088/1748-9326/ab506d
dc.identifier.issn17489326
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23951
dc.language.isoengspa
dc.publisherInstitute of Physics Publishingspa
dc.relation.citationIssueNo. 4
dc.relation.citationTitleEnvironmental Research Letters
dc.relation.citationVolumeVol. 15
dc.relation.ispartofEnvironmental Research Letters, ISSN:17489326, Vol.15, No.4 (2020)spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85083663139&doi=10.1088%2f1748-9326%2fab506d&partnerID=40&md5=2214f5cc38c925fb00dcd46ea9c8f3ecspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordCarbonspa
dc.subject.keywordDeveloping countriesspa
dc.subject.keywordFood supplyspa
dc.subject.keywordInvestmentsspa
dc.subject.keywordLand usespa
dc.subject.keywordDeveloping regionsspa
dc.subject.keywordFood securityspa
dc.subject.keywordIntegrated assessment modelsspa
dc.subject.keywordInvestment decisionsspa
dc.subject.keywordLatin America and the Caribbeanspa
dc.subject.keywordLow emissionspa
dc.subject.keywordPower sectorspa
dc.subject.keywordUseful lifetimespa
dc.subject.keywordEconomicsspa
dc.subject.keywordEmission controlspa
dc.subject.keywordFood securityspa
dc.subject.keywordInternational agreementspa
dc.subject.keywordInvestmentspa
dc.subject.keywordMitigationspa
dc.subject.keywordRetirementspa
dc.subject.keywordStandard (regulation)spa
dc.subject.keywordLatin Americaspa
dc.subject.keywordIntegrated assessment modelingspa
dc.subject.keywordLatin americaspa
dc.subject.keywordParis agreementspa
dc.subject.keywordStranded assetsspa
dc.titleStranded asset implications of the Paris Agreement in Latin America and the Caribbeanspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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