The expected effects of climate change on the current account of Colombia

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cepal.articleNo4
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2024/7-P
cepal.docTypeRevistas
cepal.jelCodeF32
cepal.jelCodeQ51
cepal.jelCodeQ54
cepal.jobNumber04agudelo_REV-142S
cepal.physicalDescriptiongráficos, tablas.
cepal.regionalOfficeSantiago
cepal.sdg13
cepal.sdg17
cepal.topicEngCLIMATE CHANGE
cepal.topicEngNATIONAL ACCOUNTS
cepal.topicEngBALANCE OF PAYMENTS
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicSpaCAMBIO CLIMÁTICO
cepal.topicSpaCUENTAS NACIONALES
cepal.topicSpaBALANZA DE PAGOS
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.workareaEngSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTS
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO SOSTENIBLE Y ASENTAMIENTOS HUMANOS
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorAgudelo-Rivera, Camila
dc.contributor.authorGranger-Castaño, Clark
dc.contributor.authorSánchez-Jabba, Andrés
dc.coverage.spatialEngCOLOMBIA
dc.coverage.spatialSpaCOLOMBIA
dc.coverage.temporalEnd2050
dc.date.accessioned2024-08-07T21:11:01Z
dc.date.available2024-08-07T21:11:01Z
dc.date.issued2024-04
dc.description.abstractThis study examines the expected effects of climate change on the current account of Colombia. We present a literature review that explains how the associated risks affect the balance of payments. We then project the current account balance until 2050 in different climate scenarios to establish whether the impact of these risks could affect the country’s current account over the long term. Our results indicate that, compared with a scenario in which current climate policies are maintained, achieving net zero emissions by 2050 could widen the current account deficit by the equivalent of 4.6% of GDP. Under a scenario in which the transition is delayed, the cost would be equivalent to 2.6% of GDP. This finding can be attributed to a permanent drop in oil prices and an expansion of public debt, resulting from a decline in global demand for fossil fuels and additional spending to meet environmental targets.
dc.formatTexto
dc.format.extentpáginas 83-101
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2024/7-P
dc.identifier.urihttps://hdl.handle.net/11362/80572
dc.language.isoeng
dc.publisherECLAC
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo142
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordEfectos previstos del cambio climático en la cuenta corriente de Colombia
dc.relation.translationUrihttps://hdl.handle.net/11362/80507
dc.rights.coarDisponible
dc.subject.unbisEngCLIMATE CHANGE
dc.subject.unbisEngECONOMIC ASPECTS
dc.subject.unbisEngRISK
dc.subject.unbisEngNATIONAL ACCOUNTS
dc.subject.unbisEngBALANCE OF PAYMENTS
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisSpaCAMBIO CLIMATICO
dc.subject.unbisSpaASPECTOS ECONOMICOS
dc.subject.unbisSpaRIESGO
dc.subject.unbisSpaCUENTAS NACIONALES
dc.subject.unbisSpaBALANZA DE PAGOS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.titleThe expected effects of climate change on the current account of Colombia
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication08ab4d28-e85d-4af3-9332-704269c0fbc5
relation.isAuthorOfPublicationb233905b-4109-4610-a485-440d006ded1c
relation.isAuthorOfPublicationdd238132-3e3c-417d-a575-02470bfee9d4
relation.isAuthorOfPublication.latestForDiscovery08ab4d28-e85d-4af3-9332-704269c0fbc5
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