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When Should Developing Countries Announce Their Climate Policy?

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dc.contributor.author Fernández, Jorge en
dc.contributor.author Miller, Sebastián J. en
dc.description.abstract 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. en
dc.subject Renewable energy en
dc.subject Climate Change en
dc.subject Environmental Policy en
dc.title When Should Developing Countries Announce Their Climate Policy? en
dc.identifier.jel Q54 - Climate ¿ Natural Disasters and Their Management ¿ Global Warming en
dc.identifier.jel D81 - Criteria for Decision-Making under Risk and Uncertainty en
dc.identifier.jel H23 - Externalities ¿ Redistributive Effects ¿ Environmental Taxes and Subsidies en
dc.contributor.other RES-DOCS-USER
dc.date.accessioned 2012-04-30T19:24:30Z
dc.date.available 2012-04-30T19:24:30Z
dc.date.issued 2011-12
dc.identifier.uri http://www.iadb.org/en/publications/publication-detail,7101.html?id=40826
dc.format.extent 21
dc.format.medium ACROBAT
dc.language.iso en
dc.relation.ispartof http://thesaurus.iadb.org/publicthesauri/20916869542735622072310
dc.subject Greenhouse gas mitigation, Climate change mitigation, Environmental protection
dc.type Working Papers
lacea.language.supported en
dc.date.modified 2016-12-01T16:54:46Z
dc.description.abstract2 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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