Evaluación económica de los compromisos de Colombia en el marco de COP21

Translated title of the contribution: Economic evaluation of Colombia’s commitment at COP21

Andrés Camilo Álvarez-Espinosa, Daniel Alejandro Ordóñez, Alejandro Nieto, William Wills, Germán Romero, Silvia Liliana Calderón, Gustavo Hernández, Ricardo Argüello, Ricardo Delgado-Cadena

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

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.

Translated title of the contributionEconomic evaluation of Colombia’s commitment at COP21
Original languageSpanish
Pages (from-to)15-54
Number of pages40
JournalDesarrollo y Sociedad
Volume2017
Issue number79
DOIs
StatePublished - Jan 1 2017

All Science Journal Classification (ASJC) codes

  • Development
  • Sociology and Political Science
  • Economics and Econometrics
  • Political Science and International Relations

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