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Economic and environmental effects of unilateral climate actions
Unilateral climate policy can be detrimental to global climate protection. Our objective is to provide insight into such a policy, to quantify the risk of carbon leakage, and to investigate the effects related to potential anti-leakage measures. We analyze existing definitions of carbon leakage and...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Netherlands
2014
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6108037/ https://www.ncbi.nlm.nih.gov/pubmed/30197560 http://dx.doi.org/10.1007/s11027-014-9597-9 |
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author | Kiuila, Olga Wójtowicz, Krzysztof Żylicz, Tomasz Kasek, Leszek |
author_facet | Kiuila, Olga Wójtowicz, Krzysztof Żylicz, Tomasz Kasek, Leszek |
author_sort | Kiuila, Olga |
collection | PubMed |
description | Unilateral climate policy can be detrimental to global climate protection. Our objective is to provide insight into such a policy, to quantify the risk of carbon leakage, and to investigate the effects related to potential anti-leakage measures. We analyze existing definitions of carbon leakage and propose an alternative, rigorous one, which is different in three respects. The definition is then tested using computable general equilibrium analysis of the global economy and decomposition analysis. We identify a list of parameters that affect not only the magnitude but also the sign of the carbon leakage rate. Manipulating elasticities of substitution suggests that carbon leakage can be either positive or negative. Computable general equilibrium models, which are widely applied, including by the European Commission in this area, should be transparent, and their assumptions call for careful validation. We find that emission limits are properly distributed between sectors covered by the European Union Emissions Trading System and other sectors for the first commitment period (ended in 2012) but not for the second one (ending in 2020), where the target for the non-trading sectors should be reduced relative to the target for the trading sectors in order to equlize marginal abatement costs. |
format | Online Article Text |
id | pubmed-6108037 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2014 |
publisher | Springer Netherlands |
record_format | MEDLINE/PubMed |
spelling | pubmed-61080372018-09-05 Economic and environmental effects of unilateral climate actions Kiuila, Olga Wójtowicz, Krzysztof Żylicz, Tomasz Kasek, Leszek Mitig Adapt Strateg Glob Chang Original Article Unilateral climate policy can be detrimental to global climate protection. Our objective is to provide insight into such a policy, to quantify the risk of carbon leakage, and to investigate the effects related to potential anti-leakage measures. We analyze existing definitions of carbon leakage and propose an alternative, rigorous one, which is different in three respects. The definition is then tested using computable general equilibrium analysis of the global economy and decomposition analysis. We identify a list of parameters that affect not only the magnitude but also the sign of the carbon leakage rate. Manipulating elasticities of substitution suggests that carbon leakage can be either positive or negative. Computable general equilibrium models, which are widely applied, including by the European Commission in this area, should be transparent, and their assumptions call for careful validation. We find that emission limits are properly distributed between sectors covered by the European Union Emissions Trading System and other sectors for the first commitment period (ended in 2012) but not for the second one (ending in 2020), where the target for the non-trading sectors should be reduced relative to the target for the trading sectors in order to equlize marginal abatement costs. Springer Netherlands 2014-07-09 2016 /pmc/articles/PMC6108037/ /pubmed/30197560 http://dx.doi.org/10.1007/s11027-014-9597-9 Text en © The Author(s) 2014 https://creativecommons.org/licenses/by/4.0/ Open Access This article is distributed under the terms of the Creative Commons Attribution License which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited. |
spellingShingle | Original Article Kiuila, Olga Wójtowicz, Krzysztof Żylicz, Tomasz Kasek, Leszek Economic and environmental effects of unilateral climate actions |
title | Economic and environmental effects of unilateral climate actions |
title_full | Economic and environmental effects of unilateral climate actions |
title_fullStr | Economic and environmental effects of unilateral climate actions |
title_full_unstemmed | Economic and environmental effects of unilateral climate actions |
title_short | Economic and environmental effects of unilateral climate actions |
title_sort | economic and environmental effects of unilateral climate actions |
topic | Original Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6108037/ https://www.ncbi.nlm.nih.gov/pubmed/30197560 http://dx.doi.org/10.1007/s11027-014-9597-9 |
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