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Power sector investment implications of climate impacts on renewable resources in Latin America and the Caribbean

Santos da Silva, Silvia R ; Hejazi, Mohamad I ; Iyer, Gokul ; Wild, Thomas B ; Binsted, Matthew ; Miralles-Wilhelm, Fernando ; Patel, Pralit ; Snyder, Abigail C ; Vernon, Chris R

Nature communications, 2021-02, Vol.12 (1), p.1276-12, Article 1276 [Periódico revisado por pares]

England: Nature Publishing Group

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Título:
Power sector investment implications of climate impacts on renewable resources in Latin America and the Caribbean
Autor: Santos da Silva, Silvia R ; Hejazi, Mohamad I ; Iyer, Gokul ; Wild, Thomas B ; Binsted, Matthew ; Miralles-Wilhelm, Fernando ; Patel, Pralit ; Snyder, Abigail C ; Vernon, Chris R
Assuntos: Accounting ; Climate change ; Climate change mitigation ; climate-change impacts ; energy economics ; ENERGY PLANNING, POLICY, AND ECONOMY ; energy policy ; energy supply and demand ; ENVIRONMENTAL SCIENCES ; Greenhouse effect ; Hydroelectric power ; Investments ; Renewable resources ; Sustainable yield
É parte de: Nature communications, 2021-02, Vol.12 (1), p.1276-12, Article 1276
Notas: AC05-76RL01830; C0260-16; 1855982
USDOE
National Science Foundation (NSF)
PNNL-SA-154178
Inter-American Development
Descrição: Climate change mitigation will require substantial investments in renewables. In addition, climate change will affect future renewable supply and hence, power sector investment requirements. We study the implications of climate impacts on renewables for power sector investments under deep decarbonization using a global integrated assessment model. We focus on Latin American and Caribbean, an under-studied region but of great interest due to its strong role in international climate mitigation and vulnerability to climate change. We find that accounting for climate impacts on renewables results in significant additional investments ($12-114 billion by 2100 across Latin American countries) for a region with weak financial infrastructure. We also demonstrate that accounting for climate impacts only on hydropower-a primary focus of previous studies-significantly underestimates cumulative investments, particularly in scenarios with high intermittent renewable deployment. Our study underscores the importance of comprehensive analyses of climate impacts on renewables for improved energy planning.
Editor: England: Nature Publishing Group
Idioma: Inglês

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Power sector investment implications of climate impacts on renewable resources in Latin America and the Caribbean

Santos da Silva, Silvia R ; Hejazi, Mohamad I ; Iyer, Gokul ; Wild, Thomas B ; Binsted, Matthew ; Miralles-Wilhelm, Fernando ; Patel, Pralit ; Snyder, Abigail C ; Vernon, Chris R

England: Nature Publishing Group

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