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DOI | 10.1016/j.enpol.2020.111376 |
What are the impacts of climate policies on trade? A quantified assessment of the Paris Agreement for the G20 economies | |
Vrontisi Z.; Charalampidis I.; Paroussos L. | |
发表日期 | 2020 |
ISSN | 0301-4215 |
卷号 | 139 |
英文摘要 | Following the Paris Agreement, climate policies have been developing rapidly, consequently affecting all economic agents. To this extent, trade implications and competitiveness effects have been of prime concern to energy and climate policy makers. In this study, we employ the GEM-E3 hybrid CGE model to quantify the regional and sectoral trade impacts of climate mitigation scenarios. In line with the Paris Agreement, we assess a global implementation of NDCs and a global mitigation action consistent with the 2°C target. The scenarios differ in both effort sharing and mitigation stringency, yet we find a reduction of global trade activity under both policy regimes. The key driver is the sharp decline of global demand for fossil fuels. Fossil fuels, a highly traded good, are substituted by domestically produced goods like electricity or by capital equipment that is traded with lower intensity. Decarbonization policies have an important impact on trade flows, affected by the relative stringency of action and the key characteristics of the regional economies. We identify regions that benefit from the emergence of new markets for clean energy goods, contrary to the fossil-fuel exporters, as well as regions that achieve a comparative advantage due to their preparedness from early mitigation action. © 2020 Elsevier Ltd |
英文关键词 | Climate policy; Competitiveness; Low-carbon transition; Macroeconomic impacts; Paris agreement; Trade |
语种 | 英语 |
来源期刊 | Energy policy |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/124764 |
作者单位 | School of Electrical and Computer Engineering, E3MLab, National Technical University of Athens, 9 Iroon Polytechniou Street, Zografou, Athens, 15773, Greece; E3Modelling PC, Panormou 70-72, 4th fl, Athens, 115 23, Greece |
推荐引用方式 GB/T 7714 | Vrontisi Z.,Charalampidis I.,Paroussos L.. What are the impacts of climate policies on trade? A quantified assessment of the Paris Agreement for the G20 economies[J],2020,139. |
APA | Vrontisi Z.,Charalampidis I.,&Paroussos L..(2020).What are the impacts of climate policies on trade? A quantified assessment of the Paris Agreement for the G20 economies.Energy policy,139. |
MLA | Vrontisi Z.,et al."What are the impacts of climate policies on trade? A quantified assessment of the Paris Agreement for the G20 economies".Energy policy 139(2020). |
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