IDEAS home Printed from
   My bibliography  Save this paper

A Monte Carlo Simulation Framework to Track Panama NDC Target


  • Suarez, Ronny


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.

Suggested Citation

  • Suarez, Ronny, 2019. "A Monte Carlo Simulation Framework to Track Panama NDC Target," MPRA Paper 97022, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:97022

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no

    More about this item


    Climate Change; Paris Agreement; NDC; Panama; CO2eq; Monte Carlo;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:97022. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.