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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 7804
- 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)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Larch, Mario
- Wanner, Joschka
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2019
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