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...

At least ten Latin American and Caribbean countries have pledged to achieve carbon neutrality. Has electricity planning in the region evolved towards reaching these goals? We compare power generation capacity in 2023 to announced plans in 2019. We then estimate committed emissions from existing...

Tradable permit markets for carbon dioxide (C02) emissions respond to short-run fluctuations in economic activity. To provide stability, both price and quantity interventions have been proposed. This paper focuses on the relative performance of fixed versus intensity allowances in the presence...

To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...

Countries have pledged to stabilize global warming at a 1.5 to 2êC increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

Este estudio examina de manera empírica el efecto que tiene una mejora en las condiciones de la gobernabilidad en la gestión del riesgo sobre las pérdidas humanas ante la ocurrencia de un desastre. Para medir la gobernabilidad en la gestión del riesgo de desastres (GGRD), este análisis se...

This paper finds that it is optimal to start a long-term emission-reduction strategy with significant short-term abatement investment, even if the optimal carbon price starts low and grows progressively over time. Moreover, optimal marginal abatement investment costs differ across sectors of the...

This study provides new empirical evidence on the effect of improving the conditions in disaster risk management (DRM) governance in terms of human losses resulting from disaster events. To measure governance in disaster risk management, we use the Index of Governance and Public Policy in...

Strengthened governance is crucial to reduce economic risks associated with disasters, but little is known about its impact. We combine a new dataset on disaster risk management governance for 26 countries from the Latin America and Caribbean region with annual information on economic losses...

We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...