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DOI10.1016/j.euroecorev.2024.104699
The consequences of non-participation in the Paris Agreement
Larch, Mario; Wanner, Joschka
发表日期2024
ISSN0014-2921
EISSN1873-572X
起始页码163
卷号163
英文摘要International cooperation is at the core of multilateral climate policy. How is its effectiveness harmed by individual countries not participating in the global mitigation effort? We use a multisector structural trade model with carbon emissions from production and a constant elasticity of fossil fuel supply function to simulate the consequences of unilateral non -participation in the Paris Agreement. Taking into account both direct and leakage effects, we find that nonparticipation of the US would eliminate more than a third of the world emissions reduction (31.8% direct effect and 6.4% leakage effect), while a potential non -participation of China 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. In terms of welfare, the overwhelming majority of countries gain from the implementation of the Paris Agreement and most countries have only very little to gain from unilaterally deciding not to participate.
英文关键词Climate change International trade Carbon leakage Fossil fuel supply
语种英语
WOS研究方向Business & Economics
WOS类目Economics
WOS记录号WOS:001201964300001
来源期刊EUROPEAN ECONOMIC REVIEW
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/292509
作者单位University of Bayreuth; Ifo Institut; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
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Larch, Mario,Wanner, Joschka. The consequences of non-participation in the Paris Agreement[J],2024,163.
APA Larch, Mario,&Wanner, Joschka.(2024).The consequences of non-participation in the Paris Agreement.EUROPEAN ECONOMIC REVIEW,163.
MLA Larch, Mario,et al."The consequences of non-participation in the Paris Agreement".EUROPEAN ECONOMIC REVIEW 163(2024).
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