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Potential trade implications of Latin America and the Caribbean’s climate commitments under the Paris Agreement

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  • Saalfield, Jon

Abstract

This paper investigates Latin America and Caribbean (LAC)’s nationally determined contributions (NDCs) and their potential implications for the region’s balance of payments. The first section summarizes prevailing trade dynamics, finding that in LAC, exports of raw materials help to cover the cost of importing capital goods. The second section turns to the region’s NDCs to identify policies affecting import expenditure. The third section employs a similar methodology on the export side, tallying policies affecting output and global cost competitiveness in key sectors (crops, livestock, timber, metals and minerals, manufactured goods, fisheries, and tourism).

Suggested Citation

  • Saalfield, Jon, 2022. "Potential trade implications of Latin America and the Caribbean’s climate commitments under the Paris Agreement," Comercio Internacional 48555, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col025:48555
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    File URL: http://repositorio.cepal.org/handle/11362/48555
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    References listed on IDEAS

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    1. Xiaodan Ding & Metodij Hadzi-Vaskov, 2017. "Composition of Trade in Latin America and the Caribbean," IMF Working Papers 2017/042, International Monetary Fund.
    2. Kirchherr, Julian & Urban, Frauke, 2018. "Technology transfer and cooperation for low carbon energy technology: Analysing 30 years of scholarship and proposing a research agenda," Energy Policy, Elsevier, vol. 119(C), pages 600-609.
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