Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2017/27
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.jobNumberS1700188_en
cepal.sdg7
cepal.sdg9
cepal.sdg12
cepal.sdg17
cepal.sdg13
cepal.topicEngCARBON FOOTPRINT
cepal.topicEngENERGY
cepal.topicEngENVIRONMENT
cepal.topicEngFINANCING FOR DEVELOPMENT
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.topicSpaENERGÍA
cepal.topicSpaFINANCIAMIENTO PARA EL DESARROLLO
cepal.topicSpaHUELLA DE CARBONO
cepal.topicSpaMEDIO AMBIENTE
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorGriffith-Jones, Stephany
dc.contributor.authorSpratt, Stephen
dc.contributor.authorAndrade, Rodrigo
dc.contributor.authorGriffith-Jones, Edward
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2017-06-07T13:39:57Z
dc.date.available2017-06-07T13:39:57Z
dc.date.issued2017-05
dc.description.abstractThis paper examines if recent sharp declines in the price of oil and other fossil fuels will discourage private investment in renewable energy, which is key for climate change mitigation. The increase in private renewables investment in the Latin America and the Caribbean (LAC) region have been driven by sharp declines in costs alongside supportive policies. The sharp fall in the price of oil and other fossil fuels since 2014 risks disrupting continued private investment in renewables if they becomes insufficiently profitable. The decline in oil and other fossil fuel prices presents an opportunity for governments to reduce subsidies to them. For countries without such large subsidies, governments could increase taxes on them. This would alleviate their negative effects on climate change.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. Key economic background .-- II. The impact of different levels of future oil prices and evolution of the cost of renewables on future private investment in renewables .-- III. Chile case study .-- IV. Conclusions and policy recommendations.
dc.formatTexto
dc.format.extent53 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2017/27
dc.identifier.urihttps://hdl.handle.net/11362/41679
dc.language.isoeng
dc.physicalDescription53 p.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo264
dc.rights.coarDisponible
dc.subject.unbisEngRENEWABLE RESOURCES
dc.subject.unbisEngRENEWABLE ENERGY SOURCES
dc.subject.unbisEngCOSTS
dc.subject.unbisEngINVESTMENTS
dc.subject.unbisEngFOSSIL FUELS
dc.subject.unbisEngPRICES
dc.subject.unbisEngPETROLEUM PRICES
dc.subject.unbisEngENERGY POLICY
dc.subject.unbisEngCASE STUDIES
dc.subject.unbisEngCARBON FOOTPRINT
dc.subject.unbisSpaRECURSOS RENOVABLES
dc.subject.unbisSpaFUENTES DE ENERGIA RENOVABLES
dc.subject.unbisSpaCOSTOS
dc.subject.unbisSpaINVERSIONES
dc.subject.unbisSpaCOMBUSTIBLES FOSILES
dc.subject.unbisSpaPRECIOS
dc.subject.unbisSpaPRECIOS DEL PETROLEO
dc.subject.unbisSpaPOLITICA ENERGETICA
dc.subject.unbisSpaESTUDIOS DE CASOS
dc.subject.unbisSpaHUELLA DE CARBONO
dc.titleInvestment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean
dc.type.coarlibro
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