Economic impact of Bolivia’s NDC mitigation measures
DOI:
https://doi.org/10.35319/lajed.202237468Keywords:
Climate Change, NDCs, Greenhouse Gas Emissions, Mitigation Measures, Deforestation, Cost-efficiency, GDPAbstract
Bolivia is one of the most vulnerable countries to climate change both because of its physical conditions and development level. Contributing to the global efforts to mitigate greenhouse gas emissions, the country defines measures through their NDCs. This study estimates the economic costs and benefits that these measures generate, and notes that those focused on the forestry and energy sectors could generate a 2.7% annual growth in GDP above the amount projected by 2050. This represents a present value of an additional US$ 15.5 billion as well as net employment generation. The cost of implementing these measures is estimated to represent 30% of the GDP in present values, and their financing would depend on internal and external sources. Finally, it projects that delaying deforestation reduction targets would imply an additional 830 million tons of CO2eq emissions by 2050, with marginal gains in GDP.
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