1104_Country case study Peru_FINALx

Peru's emissions are projected to triple by 2050, driven by economic growth and energy demand. While the country has established mitigation plans and Nationally Appropriate Mitigation Actions (NAMAs), implementation is hindered by financial, regulatory, and knowledge barriers. Significant potential exists in renewable energy, forestry, and waste management, though the energy sector is currently dominated by natural gas. The report suggests that SECO can support Peru through capacity building for market mechanisms, financing marginal abatement cost studies, and promoting specific technologies like solar water heaters and energy-efficient industrial equipment.

• Peru's greenhouse gas emissions are projected to triple by 2050, reaching 180 MtCO2e excluding LULUCF, with LULUCF emissions potentially adding almost 140 MtCO2e under a high emission scenario.
• A preliminary Marginal Abatement Cost Curve (MACC) for 2020 identifies a reduction potential of over 30 MtCO2e, representing 25% of projected emissions excluding forestry.
• The energy supply sector is heavily influenced by a preference for natural gas, which has been supported by tax-incentives and low prices, hindering the competitiveness of hydropower and other renewables.
• Peru has pledged a 0% deforestation rate by 2020 as a NAMA under the Copenhagen Accord, but this target is unlikely to be met with current policies alone.
• The Clean Development Mechanism (CDM) has primarily focused on hydropower, with 14 registered projects in that sector accounting for an annual abatement of 1715 ktCO2e.
• Significant general barriers to mitigation include poor coordination between the Ministry of Environment (MINAM) and more powerful ministries like energy and finance, as well as a lack of reliable GHG emissions data.
• In the residential sector, replacing one million traditional cook stoves is a primary mitigation goal, which would also reduce deforestation.
• The waste sector presents high potential for emission reductions through professional recycling and composting, as many districts still rely on simple dumps.
• Investment needs for energy efficiency and reforestation are estimated to exceed 1.2 billion USD.

APA

Climate Strategies (n.d.). 1104_Country case study Peru_FINALx. https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-peru-final.pdf

Chicago

Climate Strategies. 1104_Country case study Peru_FINALx. n.d. https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-peru-final.pdf.

Wikipedia

{{cite report |author=Climate Strategies |title=1104_Country case study Peru_FINALx |url=https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-peru-final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatestrategiesnd1104country, author = {{Climate Strategies}}, title = {{1104\_Country case study Peru\_FINALx}}, institution = {Climate Strategies}, url = {https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-peru-final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }