At the Paris Climate Conference in December 2015, Chile committed to reducing its GHG emissions intensity by 30% by 2030 from 2007 levels - rising up to 45% with additional international support. The energy sector will be key to Chile’s efforts towards meeting its targets: energy emissions represent around 75% of total national emissions (excluding forestry). Closing the gap between a ‘business as usual’ emissions trajectory for the country and the mitigation pathways required under the NDC targets will involve Chile putting in place concrete policies and measures which target key emitting sectors of the economy such as power production, transport, industry and residential.
The World Bank Partnership for Market Readiness (PMR) program, working in partnership with the Government of Chile, has engaged Carbon Counts and E2BIZ to analyse and recommend a package of policy instruments in the energy sector that can contribute to the country’s climate change commitments. The work will model a range of mitigation scenarios to assess how the NDC targets can be met under different policy mixes, and also assess their macro-economic impacts upon different parts of the economy. The study will feed into Chile's National Climate Change Action Plan (2017-2022), to be released later this year, as well as providing a roadmap of actions outlining how the energy sector can contribute to the NDC through 2030.