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Latin America has a comparative advantage in deforestation compared to other forms of climate change mitigation. Thus, to the extent that Latin America should engage in mitigation, the optimal climate change policy should manage these advantages by generating incentives in Latin America to deal with forestry. This paper describes the problem of deforestation and studies the market failures that arise in relation to forestry emission problems, analyzing them from a global public good perspective. The paper additionally describes other problems related to forestry emission issues and presents a non-exhaustive review of the solutions currently proposed to address this issue. The paper concludes with policy recommendations.
This paper presents a recursive, dynamic CGBM to evaluate the impact of climate change on six six Latin American and Caribbean economies (Argentina, Brazil, Chile, El Salvador, Jamaica and Peru). The medium-sized model considers the relative prices mechanism and structural economic changes, as well as the impact of climate change on revenue levels and policies. Policies and conditional regulations ... (View publication)
The objective of this research agenda is to outline the issues that need to be investigated in order to produce an informed assessment of what strategies and policies Latin America and its international organizations should pursue with respect to climate change. This report makes the three following potential contributions: i) identifying actions that could be valuable but have not been highlighte ... (View publication)
This issue of IDEA covers some of the IDB’s recent research on climate change, including efforts on both the mitigation and adaptation fronts. That research includes both surprising findings and an underlying understanding that the region’s development must take into account -and will in many ways be shaped by- how it deals with this unique and inescapable issue. (View publication)
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