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Implications of the Paris Agreement on Stranded Assets in Latin America and the Caribbean: The Case of Gas-fired Power Plants and Oil Reserves

Implications of the Paris Agreement on Stranded Assets in Latin America and the Caribbean: The Case of Gas-fired Power Plants and Oil Reserves

  • Date: Wednesday, October 30th, 2019.
  • Time: 09:00 – 10:30 am (Time in Costa Rica, CST)
  • Verify the time according to your location: http://bit.ly/35XeqIA

Agenda

Welcome. Aida Figari. Technical expert of the LEDS LAC Secretariat, Libélula Peru.

Long-term decarbonization strategies: an instrument to anticipate and avoid stranded assets in the transition to zero net emissions. Adrien Vogt-Schilb. Senior Economist, Inter-American Development Bank.

Implications of climate targets for oil production and tax revenues in Latin America and the Caribbean. Baltazar Solano-Rodriguez. Senior Researcher in Energy Systems Modeling, UCL Energy Institute (University College London). | Download presentation

Committed emissions and the risk of stranded assets in the Latin American and Caribbean electricity sector. Esperanza González-Mahecha. Climate change consultant, Inter-American Development Bank. | Download presentation

About the webinar

A zero-carbon economy is necessary to stabilize the climate. It is worth saying that this economy is technically feasible and comes with opportunities for the development of Latin American countries. However, the energy transition can generate losers and winners, which can make its implementation politically difficult.

For example, several countries in the region depend on oil tax revenues, but demand may be affected by the global transition to electric vehicles, renewable energy and the implementation of the Paris Agreement. A study by the IDB and UCL shows that 66-81% of oil reserves in LAC could remain untapped by 2035, which could cost the region up to $4 trillion in royalties.

Another example is the electricity sector. A second study accounts for the CO2 emissions that will be emitted during the operation of existing and planned power plants during their useful life. This study concludes that 10% to 16% of existing power plants may need to be “abandoned” to meet the goals of the Paris agreement, and that building more gas, oil or coal-fired plants in the region may be inconsistent with these goals.

This webinar will explain how long-term decarbonization strategies can be an instrument to anticipate and avoid stranded assets in the transition to zero net emissions. The webinar will be held in Spanish. If you have any questions about this event, please contact the LAC LEDS Platform Secretariat: info@ledslac.org

About the panelists

This webinar is co-organized with:

Large-scale CO2 Removal: Governance, Risks and Opportunities for Latin America and the Caribbean

Large-scale CO2 Removal: Governance, Risks and Opportunities for Latin America and the Caribbean

  • Date: Wednesday, October 23rd, 2019.
  • Time: 09:00 – 10:30 am (Time in Costa Rica, CST)
  • Verify the time according to your location: http://bit.ly/2ODYGnh

Agenda

Welcome. Aida Figari. Technical expert of the Secretariat of LEDS LAC, Libélula Perú.

Large-scale CO2 elimination: techniques and governance implications in the context of Low Emission Development Strategies. Thelma Krug. Vice Chair, Intergovernmental Panel on Climate Change (IPCC). | Download presentation

The state of climate in soils and oceans: a perspective from the IPCC. Paulo Artaxo. Professor of Physics, University of Sao Paulo.

Comments by Manuel Pulgar-Vidal. Climate and Energy Leader, WWF International.

About the webinar

The Paris Agreement aims to hold temperature increase well below 2.0°C – further to 1.5°C. The Special Report on Global Warming of 1.5°C (SR15) by the Intergovernmental Panel on Climate Change (IPCC), refines the message of its 5th assessment report (2014) that large scale carbon removal has to be part of the global effort to balance out emissions left after ambitious reduction efforts to reach net-zero. To stay within 1.5°C, this has to occur within 30 years. Compatible pathways involve a mix of large scale biological and/or technological carbon removal processes (referred to as CDR). The report recognizes that all these techniques still involve uncertainties around feasibility, sustainability, and represent major governance challenges.

The webinar will provide an overview of the main findings of the IPCC in relation to large scale CDR techniques, their governance challenges, all in in relation to Low Emission Development Strategies. The webinar will be held in Spanish. If you have any questions about this event, please contact the LEDS LAC Platform Secretariat: info@ledslac.org.

About the panelists

This webinar is co-organized with:

Perspectives of Climate Ambition from the Chilean Presidency of COP 25

Perspectives of Climate Ambition from the Chilean Presidency of COP 25

  • Date: Tuesday, October 15th, 2019.
  • Time: 09:00 – 10:30 am (Time in Costa Rica, CST)
  • Verify the time according to your location: http://bit.ly/35n4cRp

Agenda

Welcome. Aida Figari. Technical expert of the LEDS LAC Secretariat, Libélula Perú.

COP 25 in Chile: increasing ambition. Cristián Retamal. Advisor in negotiation and contents, Chilean Presidency COP 25. Download presentation. 

Incorporation of the concepts of ambition in the NDC: perspectives from Chile. Jenny Mager. Chief of Mitigation and Inventories of Climate Pollutants, Ministry of the Environment of Chile. Download presentation. 

About the webinar

After the September Climate Summit in New York and the pre-COP in Costa Rica, experts from the Chilean Presidency COP 25 will be sharing impressions and different perspectives for the increase of ambition in the UNFCCC regime ahead of the COP in Chile next December.

The first part of the webinar will deal with the reference elements that determine climate ambition and expectations from the incoming COP 25 Presidency to promote greater ambition for 2020 when countries are called upon to renew or update their NDCs.

The second part of the webinar will present the work developed by the Government of Chile to update its NDC with greater ambition. The webinar will be held in Spanish. If you have any questions about this event, please contact the LAC LEDS Platform Secretariat: info@ledslac.org.

About the panelists

International Initiatives and Success Stories in the Adoption of Electric Buses for Public Passenger Transport in LAC

International Initiatives and Success Stories in the Adoption of Electric Buses for Public Passenger Transport in LAC

  • Date: Wednesday, October 9th, 2019.
  • Time: 09:00 – 10:30 am (Time in Costa Rica, CST)
  • Verify the time according to your location: http://bit.ly/2oJ1F2Y

Agenda

Welcome. Rodriguez Tornquist. Coordinator of the Transport Working Group of the LEDS LAC Platform, Asociación Civil Sustentar.

The Action towards Climate-friendly Transport (ACT) initiative. Maruxa Cardama. Secretary General, SLoCaT Partnership on Sustainable Low Carbon. | Download presentation

Supporting Urban Reductions in GHG Emissions (SURGE). Vladimir Sosa. Electric Mobility Manager for Latin America at WRI Ross Center for Sustainable Cities, World Resources Institute (WRI). | Download presentation

The process of adopting electric buses in the transport system of Santiago de Chile. Fernando Saka. Director of Metropolitan Mobility of Santiago de Chile, Ministry of Transport of Chile. | Download presentation

About the webinar

Mitigation in the transport sector is key to the implementation of NDCs and the adoption of electric buses offers a unique opportunity for climate action. At the recent UN Climate Change Summit, governments, businessmen and NGOs raised the call for greater action to combat climate change, presenting the Action towards Climate-friendly Transport (ACT) initiative, a global coalition to decarbonize transport and  the Supporting Urban Reductions in GHG Emissions (SURGE) initiative, a multi-regional platform that seeks to accelerate the adoption of electric buses. Also, the city of Santiago de Chile represents a concrete case in the lead towards the incorporation of electric bus fleet in its public transport systems.

The webinar aims to share the initiatives with decision makers and experts in the region, in order to encourage new cities to start a path of developing electric mobility in their public transport systems. The webinar will be held in Spanish. If you have any questions about this event, please contact the LEDS LAC Platform Secretariat: info@ledslac.org.

Additional Resources

Including financial entities in the implementation of NDCs for increased climate ambition

Including Financial Entities in the Implementation of NDCs for Increased Climate Ambition

  • Date: Wednesday, October 2nd, 2019.
  • Time: 09:00 – 10:30 am (Time in Costa Rica, CST)
  • Verify the time according to your location: http://bit.ly/2nk90p7

Agenda

Welcome. Aida Figari. Technical expert of the LEDS LAC Secretariat, Libélula Peru.

Strengthening private sector transparency for more ambitious climate action. Lauro Marins. Executive Director for Latin America, Carbon Disclosure Project (CDP). Download presentation. 

Herencia Colombia: including the financial sector and civil society in nature-based solutions. Clara Sofía Gómez Botero. Specialist in finance and climate change and coordinator of the Area of Collective Action and Innovation, World Wildlife Fund (WWF). Download presentation. 

Financial instruments and public policies for climate finance: experiences in Colombia. Laura Marcela Ruiz. Advisor, Ministry of Finance and Public Credit of Colombia. Download presentation. 

About the webinar

We are at a key moment for countries to take action towards increased ambition in their Nationally Determined Contributions (NDCs). According to the Paris Agreement, countries will have until 2020 to re-evaluate their climate plans and commit to a level of ambition that will prevent global warming above 1.5°C.

This webinar, co-organized by LEDS LAC Platform and the NDC Partnership, is the fourth in a series of six webinars focused on reviewing and increasing the ambition of the climate commitments. This time, we will focus on sharing experiences with specialists working at the intersection between the private sector, civil society and government to learn about the different approaches that can be taken to integrate financial institutions into climate action.

We know that countries in the region will require resources for the implementation of their NDCs. Considering how limited these resources are and the urgent need for climate action, it’s increasingly important to seek creative ways to support these efforts, including through the creation of non-traditional partnerships with the private sector. This webinar will provide an opportunity for countries in the region to learn about efforts made by regional entities to establish partnerships and financing mechanisms that contribute to climate action in Latin America. The webinar will be held in Spanish. If you have any questions about this event, please contact the LAC LEDS Platform Secretariat: info@ledslac.org

About the panelists

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