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Climate Policy in a Globalizing World: A Cge Model with Capital Mobility and Trade

Climate Policy in a Globalizing World: A Cge Model with Capital Mobility and Trade

Hardcover

Series: Kieler Studien - Kiel Studies, Book 320

EconomicsMedical ReferenceEnvironmental Studies

ISBN10: 3540443754
ISBN13: 9783540443759
Publisher: Springer Nature
Published: Dec 18 2002
Pages: 294
Weight: 1.38
Height: 0.88 Width: 6.44 Depth: 9.52
Language: English
This book examines the allocational and distributional impacts of international climate policy on different regions of the world by taking into account the ongoing process of globalization. It concentrates on the impacts of trade in goods and international capital mobility on climate policy outcomes. The costs of an international climate policy are assessed by incorporating the Kyoto Protocol into a multi-regional, multi-sectoral, recursive dynamic trade model based on empirical data. Climate policy leads to a change in relative competitiveness between sectors and regions, thus inducing output shifts, international capital flows, welfare changes and carbon leakage. Welfare costs can be reduced by a higher integration into the world market and a diversification of the export structure.

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Environmental Studies