Economic policy and climate change: carbon pricing in Latin America and the Caribbean

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2024/58
cepal.divisionEngSustainable Development and Human Settlements Division
cepal.divisionSpaDivisión de Desarrollo Sostenible y Asentamientos Humanos
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS2400916_en
cepal.projectPrograma EUROCLIMA+
cepal.sdg13
cepal.topicEngCLIMATE CHANGE
cepal.topicEngCARBON PRICING
cepal.topicSpaCAMBIO CLIMÁTICO
cepal.topicSpaPRECIOS AL CARBONO
cepal.workareaEngSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTS
cepal.workareaSpaDESARROLLO SOSTENIBLE Y ASENTAMIENTOS HUMANOS
dc.contributor.authorDe Miguel, Carlos J.
dc.contributor.authorLorenzo, Santiago
dc.contributor.authorFerrer, Jimy
dc.contributor.authorGómez García, José Javier
dc.contributor.authorAlatorre, José Eduardo
dc.contributor.institutionUnión Europea
dc.contributor.institutionGerman Agency for International Cooperation
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2025-01-29T14:51:21Z
dc.date.available2025-01-29T14:51:21Z
dc.date.issued2025-01-29
dc.description.abstractCarbon pricing is one of the public policy options for discouraging production activities and consumption patterns that generate greenhouse gas (GHG) emissions. This study provides an overview of carbon pricing in Latin America and the Caribbean, along with other associated economic policies. It reviews the situation regarding explicit carbon pricing via carbon taxes and emissions trading systems and the use of implicit pricing through the inclusion of the social price of carbon in public investment project evaluation procedures. It draws attention to the fact that very little use is being made of these pricing instruments in the region and that, even where they are in use, their coverage of GHG emissions is quite limited. What is more, the use of fossil fuel subsidies (negative carbon prices) is widespread: budget allocations for such subsidies in 2013–2022 were almost 10 times greater than the allocations for climate financing. The study also looks at two different scenarios for the reform of fossil fuel subsidization policies and what their economic, social and environmental effects would be.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. The Paris Agreement, decarbonization and challenges for Latin America and the Caribbean .-- II. Economic policy and climate action .-- III. Carbon pricing in Latin America and the Caribbean .-- IV. Conclusions and key messages.
dc.formatTexto
dc.format.extent73 pages
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2024/58
dc.identifier.urihttps://hdl.handle.net/11362/81239
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesDocumentos de Proyectos
dc.relation.translationLanguagespa
dc.relation.translationRecordPolítica económica y cambio climático: fijación de precios del carbono en América Latina y el Caribe
dc.relation.translationUrihttps://hdl.handle.net/11362/80499
dc.subject.unbisEngCLIMATE CHANGE
dc.subject.unbisEngCARBON
dc.subject.unbisEngPRICE CONTROLS
dc.subject.unbisEngTAXATION
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngCLIMATE CHANGE MITIGATION
dc.subject.unbisEngSOCIAL ASPECTS
dc.subject.unbisEngENVIRONMENTAL AGREEMENTS
dc.subject.unbisSpaCAMBIO CLIMATICO
dc.subject.unbisSpaCARBONO
dc.subject.unbisSpaCONTROLES DE PRECIOS
dc.subject.unbisSpaTRIBUTACION
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaMITIGACION DEL CAMBIO CLIMATICO
dc.subject.unbisSpaASPECTOS SOCIALES
dc.subject.unbisSpaACUERDOS SOBRE EL MEDIO AMBIENTE
dc.titleEconomic policy and climate change: carbon pricing in Latin America and the Caribbean
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
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relation.isAuthorOfPublication99bca4aa-1999-4001-a50e-c6ec3fb4dea7
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relation.isAuthorOfPublication.latestForDiscovery4dc944b8-ce2e-46a1-9720-ea37c5b458d9
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