This article addresses the question of how Brazil, Costa Rica, and Colombia came to decide on their climate change mitigation strategies, which are based on market‐oriented policies. The analysis compares Brazilian bioethanol, Costa Rican renewable energy, and Colombia’s clean development...

One reason carbon prices are difficult to implement is that they might imply high additional costs on poor and vulnerable households. In response, studies often highlight that recycling revenues through cash transfers can render carbon pricing reforms progressive. This neglects that existing...

Mexico's current climate change policy sets the country on a development pathway which is inconsistent with the goals of the Paris Agreement. The Deep Decarbonization methodology has been used to develop an alternative whole-economy pathway to 2050 consistent with limiting warming to between 1.5...