Arbeitspapier
The Consequences of Unilateral Withdrawals from the Paris Agreement
We develop a multi-sector structural trade model with emissions from production and a con- stant 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 find that a US withdrawal would eliminate a third of the world emissions reduction (25.7% direct effect and 7% leakage effect), while a potential Chinese withdrawal lowers the world emission reduction by 19.4% (8.2% direct effect and 11.2% leakage effect). The substantial leakage is primarily driven by technique effects induced by falling international fossil fuel prices.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 7804
- Classification
-
Wirtschaft
Empirical Studies of Trade
Trade and Environment
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- Subject
-
climate change
international trade
carbon leakage
fossil fuel supply
- Event
-
Geistige Schöpfung
- (who)
-
Larch, Mario
Wanner, Joschka
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Larch, Mario
- Wanner, Joschka
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2019
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