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Abstract (English)
A unilateral tax on CO2 emissions may drive up indirect carbon imports from
non-committed countries, leading to carbon leakage. Using a gravity model of carbon trade, we analyze the effect of the Kyoto Protocol on the carbon content of
bilateral trade. We construct a novel data set of CO2 emissions embodied in bilateral trade flows. Its panel structure allows dealing with endogenous selection of countries into the Protocol. We find strong statistical evidence for Kyoto commitments to affect carbon trade. On average, the Kyoto protocol led to substantial carbon leakage but its total effect on carbon trade was only minor.
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Notes
Publication license
Publication series
FZID discussion papers; 10
Published in
Other version
Faculty
Faculty of Business, Economics and Social Sciences
State Institutes
State Institutes
Institute
Institut für Volkswirtschaftslehre (bis 2010)
Forschungszentrum Innovation und Dienstleistung
Forschungszentrum Innovation und Dienstleistung
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Felbermayr2010,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5304},
author = {Felbermayr, Gabriel and Aichele, Rachel},
title = {Kyoto and the carbon content of trade},
year = {2010},
school = {Universität Hohenheim},
series = {FZID discussion papers},
}