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DOI10.1016/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
ISSN0301-4215
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
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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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