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Title: Achieving CO 2 reductions in Colombia: Effects of carbon taxes and abatement targets

In this paper we investigate CO 2 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 CO 2 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 CO 2 emission reductions in Colombia, through the increase of hydropower, the introduction ofmore » wind technologies, and the deployment of biomass, coal and natural gas with CO 2 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
 [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:
Report Number(s):
Journal ID: ISSN 0140-9883; PII: S0140988315001620
Grant/Contract Number:
EuropeAid/131944/C/SER/Multi; AC05-76RL01830
Accepted Manuscript
Journal Name:
Energy Economics
Additional Journal Information:
Journal Volume: 136; Journal Issue: 2; Journal ID: ISSN 0140-9883
Research Org:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org:
USDOE; USEPA; European Union (EU)
Country of Publication:
United States
54 ENVIRONMENTAL SCIENCES; 29 ENERGY PLANNING, POLICY, AND ECONOMY; climate change mitigation; carbon taxes; CO2 abatement targets; energy modeling; CO₂ abatement targets
OSTI Identifier:
Alternate Identifier(s):
OSTI ID: 1249372