@article{Nasirov:333204,
      recid = {333204},
      author = {Nasirov, Shahriyar and O'Ryan, Raul and Osorio, Hector},
      title = {Decarbonizations tradeoffs: the case of Chilean power  sector},
      address = {2020},
      year = {2020},
      note = {Presented during the 23rd Annual Conference on Global  Economic Analysis (Virtual Conference)},
      abstract = {A rapid expansion of renewables in the Chilean energy  matrix, mostly thanks to exceptional solar and wind  resources, combined with a rapid decrease in the cost of  renewable energy technologies intensified current policy  debates to reduce the role of coal, which is the largest  source of CO2 emissions in the generation mix. Recently,  the main generation companies in Chile made a voluntary  commitment to not invest in new coal projects that do not  include carbon capture and storage systems. In addition,  the Chilean government announced its plans to phase out  coal plants completely by 2040. In this context, the aim of  this research is to study the economy-wide and emission  reduction impacts of decarbonization in the Chilean power  sector. For this purpose, we consider dynamic simulations  using a new energy-oriented version of the Computable  General Equilibrium Model (CGE)-ECOGEM-Chile which is  linked to the bottom-up engineering energy model. The  results show the major impacts under both the BAU scenario  and the coal phase-out scenario. Additionally, the study  discusses to what extent the ambitious decarbonization  goals of the Chilean government are coherent with the  current technological limitations.},
      url = {http://ageconsearch.umn.edu/record/333204},
}