A Monte Carlo simulation framework to track Panama NDC target

Suarez, Ronny (2019) A Monte Carlo simulation framework to track Panama NDC target. Munich Personal RePEc Archive (MPRA) . (Unpublished)

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Abstract

The 2015 Paris Agreement represents a restarting point for combating climate change. The Agreement introduces the National Determined Contributions (NDC) to control greenhouse gas emissions. This paper provides a step-by-step framework to evaluate Panama’s renewable energy contribution commitment in terms of CO2eq mitigation. Monte Carlo Simulations are used to compute dynamic scenarios of MtCO2eq emissions determining that the occurrence of delays in the entry into operation of specific projects combined with the presence of El Niño phenomenon could increase, up to 45%, the value of the CO2eq emissions compared against baseline scenario.

Item Type:	Article
Journal / Publication Title:	Munich Personal RePEc Archive (MPRA)
Publisher:	Munich University Library, Germany
Departments:	Institute of Business, Industry and Leadership > Institute for Leadership and Sustainability (IFLAS)
Additional Information:	This paper is based on the dissertation prepared by the author in partial fulfilment of the requirements of the Master of Business Administration Energy and Sustainability of the University of Cumbria, UK.
Depositing User:	Anna Lupton
Date Deposited:	06 Jul 2023 10:25
Last Modified:	13 Jan 2024 10:15
URI:	https://insight.cumbria.ac.uk/id/eprint/7218

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