Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean
This 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 driv...
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2017
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oai-11362-416792020-11-17T01:15:48Z Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean Griffith-Jones, Stephany Spratt, Stephen Andrade, Rodrigo Griffith-Jones, Edward RECURSOS RENOVABLES FUENTES DE ENERGIA RENOVABLES COSTOS INVERSIONES COMBUSTIBLES FOSILES PRECIOS PRECIOS DEL PETROLEO POLITICA ENERGETICA ESTUDIOS DE CASOS RENEWABLE RESOURCES RENEWABLE ENERGY SOURCES COSTS INVESTMENTS FOSSIL FUELS PRICES PETROLEUM PRICES ENERGY POLICY CASE STUDIES This 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. Abstract .-- 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. 2017-06-07T13:39:57Z 2017-06-07T13:39:57Z 2017-05 Texto Documento Completo http://hdl.handle.net/11362/41679 LC/TS.2017/27 en Serie Financiamiento para el Desarrollo 264 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC |
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Cepal |
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| language |
English |
| topic |
RECURSOS RENOVABLES FUENTES DE ENERGIA RENOVABLES COSTOS INVERSIONES COMBUSTIBLES FOSILES PRECIOS PRECIOS DEL PETROLEO POLITICA ENERGETICA ESTUDIOS DE CASOS RENEWABLE RESOURCES RENEWABLE ENERGY SOURCES COSTS INVESTMENTS FOSSIL FUELS PRICES PETROLEUM PRICES ENERGY POLICY CASE STUDIES |
| spellingShingle |
RECURSOS RENOVABLES FUENTES DE ENERGIA RENOVABLES COSTOS INVERSIONES COMBUSTIBLES FOSILES PRECIOS PRECIOS DEL PETROLEO POLITICA ENERGETICA ESTUDIOS DE CASOS RENEWABLE RESOURCES RENEWABLE ENERGY SOURCES COSTS INVESTMENTS FOSSIL FUELS PRICES PETROLEUM PRICES ENERGY POLICY CASE STUDIES Griffith-Jones, Stephany Spratt, Stephen Andrade, Rodrigo Griffith-Jones, Edward Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean |
| description |
This 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. |
| format |
Texto |
| author |
Griffith-Jones, Stephany Spratt, Stephen Andrade, Rodrigo Griffith-Jones, Edward |
| author_facet |
Griffith-Jones, Stephany Spratt, Stephen Andrade, Rodrigo Griffith-Jones, Edward |
| author_sort |
Griffith-Jones, Stephany |
| title |
Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean |
| title_short |
Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean |
| title_full |
Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean |
| title_fullStr |
Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean |
| title_full_unstemmed |
Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean |
| title_sort |
investment in renewable energy, fossil fuel prices and policy implications for latin america and the caribbean |
| publisher |
ECLAC |
| publishDate |
2017 |
| url |
http://hdl.handle.net/11362/41679 |
| work_keys_str_mv |
AT griffithjonesstephany investmentinrenewableenergyfossilfuelpricesandpolicyimplicationsforlatinamericaandthecaribbean AT sprattstephen investmentinrenewableenergyfossilfuelpricesandpolicyimplicationsforlatinamericaandthecaribbean AT andraderodrigo investmentinrenewableenergyfossilfuelpricesandpolicyimplicationsforlatinamericaandthecaribbean AT griffithjonesedward investmentinrenewableenergyfossilfuelpricesandpolicyimplicationsforlatinamericaandthecaribbean |
| _version_ |
1718438349259145216 |