CEU eTD Collection (2021); Hurtado Verazain, Laura: Feasibility of Renewable Electricity Targes in Latin America: are we on track?

CEU Electronic Theses and Dissertations, 2021
Author Hurtado Verazain, Laura
Title Feasibility of Renewable Electricity Targes in Latin America: are we on track?
Summary Concerns about climate change call for joint efforts to reduce greenhouse gases emission. The transition to low-carbon energy sources provides a vital opportunity to advance in this reduction, with global objectives framed within the Paris Agreement. The expansion of wind and solar technologies emerges as a priority in this endeavor, and countries have established targets for their increased development. In this dissertation, I evaluate historical trends of wind and solar deployment to assess if Latin American countries are on track to meet their renewable targets. For this purpose, I use a method proposed by Cherp et al. (forthcoming) to fit growth models to historical trajectories of wind and solar power to estimate the path of future growth, assuming that it follows an S-shaped curve of technology diffusion. I find the maximum annual growth rates achieved in the region and compare them to the rates required to fulfill their targets. With these observations, it is evidenced that Latin American countries will experience difficulty to achieve their targets unless they ensure actions that sustain the pace of renewables growth constant for a longer time. Latin America is a region characterized by already having the least carbon-intensive electricity mix in the world and enormous potential for wind and solar development, so policies should prioritize the expansion of these technologies.
Supervisor Cherp, Aleh
Department Environment Sciences and Policy MSc
Full texthttps://www.etd.ceu.edu/2021/hurtado_laura.pdf

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