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dc.titleWhen Should Developing Countries Announce Their Climate Policy?
dc.contributor.authorFernández, Jorge
dc.contributor.authorMiller, Sebastián J.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2012-04-30T00:00:00
dc.date.issue2011-12-01T00:00:00
dc.description.abstractThis 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.
dc.format.extent21
dc.identifier.doihttp://dx.doi.org/10.18235/0011376
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/When-Should-Developing-Countries-Announce-Their-Climate-Policy.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectRenewable Energy
dc.subjectClimate Change
dc.subjectEnvironmental Policy
dc.subject.jelcodeD81 - Criteria for Decision-Making under Risk and Uncertainty
dc.subject.jelcodeH23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies
dc.subject.jelcodeQ54 - Climate • Natural Disasters and Their Management • Global Warming
dc.subject.keywordsGreenhouse gas mitigation, Climate change mitigation, Environmental protection
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1219
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