Arbeitspapier
The consequences of unilateral withdrawals from the Paris Agreement
International cooperation is at the core of multilateral climate policy. How is its effectiveness harmed by individual countries dropping out of the global mitigation effort? We develop a multisector structural trade model with emissions from production and a constant elasticity of fossil fuel supply function to simulate the consequences of unilateral withdrawals from the Paris Agreement. Taking into account both direct and leakage effects, we îond that a US withdrawal would eliminate more than a third of the world emissions reduction (31.8% direct effect and 6.4% leakage effect), while a potential Chinese withdrawal lowers the world emission reduction by 24.1% (11.9% direct effect and 12.2% leakage effect). The substantial leakage is primarily driven by technique effects induced by falling international fossil fuel prices.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 2236
- Klassifikation
-
Wirtschaft
Empirical Studies of Trade
Trade and Environment
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- Thema
-
Climate change
International trade
Carbon leakage
Fossil fuel supply
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Larch, Mario
Wanner, Joschka
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW Kiel)
- (wo)
-
Kiel
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Larch, Mario
- Wanner, Joschka
- Kiel Institute for the World Economy (IfW Kiel)
Entstanden
- 2022
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