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Climate change in Latin America: impacts and mitigation policy options

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  • Medvedev, Denis
  • Van der Mensbrugghe, Dominique

Abstract

Despite the extensive literature on the economics of climate change, there have been few studies with extensive coverage of Latin America and even fewer linking macro impacts to income distribution. This paper addresses the above issues in the context of a global general equilibrium model with an integrated climate module. Relative to their share of global emissions, LAC countries are disproportionately affected by climate change damages. Although welfare declines for all households, agricultural households benefit somewhat from rising food prices. Due to its low carbon intensity, the region stands to gain substantially from efficient mitigation or a capand-trade system.
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  • Medvedev, Denis & Van der Mensbrugghe, Dominique, 2010. "Climate change in Latin America: impacts and mitigation policy options," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2590.
    • Handle: RePEc:ecr:col015:2590
    Note: Includes bibliography.
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    1. Bourguignon, François & Bussolo, Maurizio, 2013. "Income Distribution in Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1383-1437, Elsevier.

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