Energy
8 years ago

Ecuador's Climate Investment Boosts Economy, Struggles to Cut Emissions

Energy Sustainable Development/Energy for sustainable development
Quantifying cross-sectoral impacts of investments in climate change mitigation in Ecuador
Andrea M. Bassi, Allan E. Baer

Paper Summary

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Investing 1% of Ecuador's GDP in energy efficiency and renewable energy technologies could reduce greenhouse gas emissions from electric power generation, but may not stabilize national emissions. However, it could lead to over USD 5 billion in savings by 2025, benefiting poverty alleviation, job creation, and social services. These positive impacts may increase energy consumption, making reducing emissions more challenging.