skip to main content

DOE PAGESDOE PAGES

Title: 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 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, andmore » 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. As a result, an assessment of the legal, institutional, social and environmental barriers to economy-wide mitigation policies is critical yet beyond the scope of this paper.« less
Authors:
 [1] ;  [1] ;  [2] ;  [3] ;  [4] ;  [5] ;  [6] ;  [6]
  1. Dept. Nacional de Planeacion, Bogota (Columbia)
  2. Agriculture and Food Security (CCAFS) and International Center for Tropical Agriculture, Cali (Columbia)
  3. Univ. Nacional, Medellin (Columbia)
  4. Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
  5. Energy Research Centre of the Netherlands, Amsterdam (The Netherlands)
  6. Pennsylvania State Univ., University Park, PA (United States)
Publication Date:
OSTI Identifier:
1249372
Grant/Contract Number:
EuropeAid/131944/C/SER/Multi; DW89923040; DW8992395
Type:
Accepted Manuscript
Journal Name:
Energy Economics
Additional Journal Information:
Journal Volume: 136; Journal Issue: 2; Journal ID: ISSN 0140-9883
Publisher:
Elsevier
Research Org:
Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)
Sponsoring Org:
USDOE
Country of Publication:
United States
Language:
English
Subject:
climate change mitigation; carbon taxes; CO2 abatement targets; energy modeling