Long-Term Strategies for Decarbonization in Latin America: Learnings from Actor-Based Insights into the Drafting Process

Paulina Calfucoy, Marta Torres Gunfaus, Andreas Fazekas and Adrien Vogt-Schilb

No 12327, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: Long-term Strategies for Decarbonization, termed long-term low emissions and development strategies (LT-LEDS) by the UNFCCC, and sometimes referred to as LTS, can influence the transition to a resilient and decarbonized economy. LT-LEDS additionally make it possible to identify investments and regulatory changes needed to enable the deployment of new technologies and to identify measures which facilitate a just transition. This study seeks to improve the understanding of the value that LT-LEDS can bring to climate policy and action at the national level, based on the perspective of local actors who have participated in their design. The study explores the process of formulating LT-LEDS in Chile, Colombia, Costa Rica, and Peru. It combines three distinct methodologies, namely content analysis, literature review and semi- structured interviews with actors who participated in the LT-LEDS design processes. We identify common aspects among these processes, as well as weaknesses and difficulties, and provide recommendations for formulating and updating LT-LEDS. Stakeholders expressed their appreciation for many of the attributes of LT-LEDS, for instance using simulations to demonstrate how long-term goals can be achieved, and the possibility of using LT-LEDS to assess and inform Nationally Determined Contributions (NDCs). However, LT-LEDS are sometimes perceived as instruments primarily designed to fulfill external requirements but disconnected from national development priorities (and from the need to improve resilience). In addition, LT- LEDS are not yet fully equipped to mobilize the private sector. The findings of this study can be taken into consideration to improve LT-LEDS drafting processes.

Keywords: Climate Strategies; Climate Governance; Paris Agreement (search for similar items in EconPapers)
JEL-codes: D78 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2022-07
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:12327

DOI: 10.18235/0004357

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