Chile

Main findings

2050 projections of power and industrial high temperature heating sectors:

• Projected no-action emissions based on current energy mix: 59.4 MtCO2e/year+

• Maximum mitigation potential: 59.4 MtCO2e/year

• Most important needle-mover is onshore wind.

• Chile has an average saving of achieving zero emissions with only domestic measures of USD 73.2/tCO2e (shown as a “negative additional cost”) compared to its BAU no action scenario.§

• In international collaboration, onshore wind is a key element for reducing system costs. Ammonia storage and HVDC cables are also important technologies for facilitating lower mitigation costs by providing an exportable form of energy that can be transported and utilized across borders.

+Emissions are the annualized value for a 30-year project starting in 2050 (i.e., divided by 30 from the total project emissions)

§A negative value for cost of achieving net zero with only domestic measures implies that BAU-No Action scenario assuming current energy mix leads to a more expensive system than when investing in zero-carbon power generation for this country. Please see Country-specific notes on Methodology - National and Collaboration Modelling (STEVFNs) section below for detailed information on assumptions leading to this result.