View metadata

dc.titleCost-benefit analysis of options to achieve net-zero emissions in Colombia
dc.contributor.authorArguello, Ricardo
dc.contributor.authorDelgado, Ricardo
dc.contributor.authorEspinosa Valderrama, Mónica
dc.contributor.authorGonzález, Tomás
dc.contributor.authorSandoval, José Manuel
dc.contributor.orgunitClimate Change Solutions Division
dc.coverageColombia
dc.date.available2022-10-07T00:10:00
dc.date.issue2022-10-07T00:10:00
dc.description.abstractThis document presents a scenario of sectoral transformations that would allow Colombia to achieve carbon neutrality in 2050 and quantifies the associated costs and economic benefits derived from implementing these transformations. The alternatives presented are not intended to be prescriptive, recognizing that there are multiple options available to achieve the climate goals defined by the country. The most relevant contribution of this analysis has to do with estimating the level of changes required and the associated costs and benefits. The following sectors were assessed: agriculture, energy, transportation, and waste management. It was identified that the first three sectors achieve net benefits by implementing decarbonization trajectories if not only the implementation costs are accounted for but also the savings associated with, for example, lower operating costs, higher productivity, savings in damage to health or avoided costs because of climate change on the economy. The cost-benefit analysis was performed using three different levels of the discount rate, and in all the cases, carbon neutrality is reached with net economic benefits (exceeding the associated costs).
dc.format.extent33
dc.identifier.doihttp://dx.doi.org/10.18235/0004502
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Cost-benefit-analysis-of-options-to-achieve-net-zero-emissions-in-Colombia.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Analisis-costo-beneficio-de-las-opciones-para-alcanzar-cero-emisiones-netas-en-Colombia.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectRating
dc.subjectMode of Transport
dc.subjectEnergy
dc.subjectEconomy
dc.subjectCarbon Offsetting
dc.subjectSaving
dc.subjectDecarbonization
dc.subjectLivestock
dc.subjectSustainable Livestock
dc.subjectScience and Technology
dc.subjectCost-Benefit Analysis
dc.subjectCoal
dc.subjectInvestment
dc.subjectClimate Change Mitigation
dc.subject.jelcodeQ10 - Agriculture: General
dc.subject.jelcodeQ20 - Renewable Resources and Conservation: General
dc.subject.jelcodeQ30 - Nonrenewable Resources and Conservation: General
dc.subject.jelcodeQ40 - Energy: General
dc.subject.jelcodeQ50 - Environmental Economics: General
dc.subject.jelcodeQ54 - Climate • Natural Disasters and Their Management • Global Warming
dc.subject.keywordsColombia;climate change;Long-term strategies;net-zero
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-02540
idb.operationRG-T3575
Return to Publication