When Should Developing Countries Announce Their Climate Policy?
This paper provides a rationale for developing countries to announce future credible commitments to reduce GHG emissions even if these are not to materialize in the short run, and for domestic reasons only. A simple framework is presented in which it is shown that it may be costly for an economy to transition from high to low emissions; and that, if climate policy eventually will be enacted, then it may be better for countries to commit earlier and therefore eliminate the uncertainty for the private sector to invest appropriately in clean technologies. In particular, conditions are shown under which the private investor prefers a pre-announced climate policy, and how this policy affects investment decisions and the deployment of clean technologies.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Renewable Energy, Climate Change, Environmental Policy, D81 - Criteria for Decision-Making under Risk and Uncertainty, H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies, Q54 - Climate • Natural Disasters and Their Management • Global Warming, Greenhouse gas mitigation, Climate change mitigation, Environmental protection, |
| Online Access: | http://dx.doi.org/10.18235/0011376 https://publications.iadb.org/en/when-should-developing-countries-announce-their-climate-policy |
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dig-bid-node-110292024-05-30T20:30:06ZWhen Should Developing Countries Announce Their Climate Policy? 2011-12-01T00:00:00+0000 http://dx.doi.org/10.18235/0011376 https://publications.iadb.org/en/when-should-developing-countries-announce-their-climate-policy Inter-American Development Bank Renewable Energy Climate Change Environmental Policy D81 - Criteria for Decision-Making under Risk and Uncertainty H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies Q54 - Climate • Natural Disasters and Their Management • Global Warming Greenhouse gas mitigation, Climate change mitigation, Environmental protection This paper provides a rationale for developing countries to announce future credible commitments to reduce GHG emissions even if these are not to materialize in the short run, and for domestic reasons only. A simple framework is presented in which it is shown that it may be costly for an economy to transition from high to low emissions; and that, if climate policy eventually will be enacted, then it may be better for countries to commit earlier and therefore eliminate the uncertainty for the private sector to invest appropriately in clean technologies. In particular, conditions are shown under which the private investor prefers a pre-announced climate policy, and how this policy affects investment decisions and the deployment of clean technologies. Inter-American Development Bank Jorge Fernández Sebastián J. Miller Working Papers application/pdf IDB Publications en |
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biblioteca |
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Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Renewable Energy Climate Change Environmental Policy D81 - Criteria for Decision-Making under Risk and Uncertainty H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies Q54 - Climate • Natural Disasters and Their Management • Global Warming Greenhouse gas mitigation, Climate change mitigation, Environmental protection Renewable Energy Climate Change Environmental Policy D81 - Criteria for Decision-Making under Risk and Uncertainty H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies Q54 - Climate • Natural Disasters and Their Management • Global Warming Greenhouse gas mitigation, Climate change mitigation, Environmental protection |
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Renewable Energy Climate Change Environmental Policy D81 - Criteria for Decision-Making under Risk and Uncertainty H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies Q54 - Climate • Natural Disasters and Their Management • Global Warming Greenhouse gas mitigation, Climate change mitigation, Environmental protection Renewable Energy Climate Change Environmental Policy D81 - Criteria for Decision-Making under Risk and Uncertainty H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies Q54 - Climate • Natural Disasters and Their Management • Global Warming Greenhouse gas mitigation, Climate change mitigation, Environmental protection Inter-American Development Bank When Should Developing Countries Announce Their Climate Policy? |
| description |
This paper provides a rationale for developing countries to announce future credible commitments to reduce GHG emissions even if these are not to materialize in the short run, and for domestic reasons only. A simple framework is presented in which it is shown that it may be costly for an economy to transition from high to low emissions; and that, if climate policy eventually will be enacted, then it may be better for countries to commit earlier and therefore eliminate the uncertainty for the private sector to invest appropriately in clean technologies. In particular, conditions are shown under which the private investor prefers a pre-announced climate policy, and how this policy affects investment decisions and the deployment of clean technologies. |
| author2 |
Jorge Fernández |
| author_facet |
Jorge Fernández Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Renewable Energy Climate Change Environmental Policy D81 - Criteria for Decision-Making under Risk and Uncertainty H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies Q54 - Climate • Natural Disasters and Their Management • Global Warming Greenhouse gas mitigation, Climate change mitigation, Environmental protection |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
When Should Developing Countries Announce Their Climate Policy? |
| title_short |
When Should Developing Countries Announce Their Climate Policy? |
| title_full |
When Should Developing Countries Announce Their Climate Policy? |
| title_fullStr |
When Should Developing Countries Announce Their Climate Policy? |
| title_full_unstemmed |
When Should Developing Countries Announce Their Climate Policy? |
| title_sort |
when should developing countries announce their climate policy? |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0011376 https://publications.iadb.org/en/when-should-developing-countries-announce-their-climate-policy |
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AT interamericandevelopmentbank whenshoulddevelopingcountriesannouncetheirclimatepolicy |
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1806236887848845312 |