A Monte Carlo Simulation Framework to Track Panama NDC Target

Ronny Suarez

MPRA Paper from University Library of Munich, Germany

Abstract: The 2015 Paris Agreement represents a restarting point for combating climate change. The Agreement introduces the National Determined Contributions (NDC) to control greenhouse gas emissions. This paper provides a step-by-step framework to evaluate Panama’s renewable energy contribution commitment in terms of CO2eq mitigation. Monte Carlo Simulations are used to compute dynamic scenarios of MtCO2eq emissions determining that the occurrence of delays in the entry into operation of specific projects combined with the presence of El Niño phenomenon could increase, up to 45%, the value of the CO2eq emissions compared against baseline scenario.

Keywords: Climate Change; Paris Agreement; NDC; Panama; CO2eq; Monte Carlo (search for similar items in EconPapers)
JEL-codes: A1 C8 (search for similar items in EconPapers)
Date: 2019-11-18
New Economics Papers: this item is included in nep-cmp, nep-ene, nep-env and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:97022

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