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GTAP Resource #6566

"Carbon policies in developed countries: effects on world trade and welfare"
by Cao, Jing, Xian Hu and Mun Ho

This paper draws the following conclusions from the simulation analysis using a global dynamic general equilibrium computable model. First, unilateral carbon pricing policies can lead to severe carbon leakage, which is mainly due to the transfer of production sectors. Second, however, carbon tariffs have a very small effect on reducing carbon leakage and have no effect on improving the competitiveness of firms in carbon pricing countries. Carbon tariffs will further increase the impact on the world economy, but will have a very limited effect on reducing world CO2 emissions. Third, the imposition of carbon taxes and tariffs by the EU and the US will mainly cause negative economic impact on Russia, oil exporting countries, Canada, Mexico and other countries, which will not have a significant impact on China's overall economic operation, but will have a negative impact on China's energy production industry, and if China does not have a carbon reduction policy, the production of domestic energy-intensive industries will increase, making carbon emissions rise.

Resource Details (Export Citation) GTAP Keywords
Category: 2022 Conference Paper
Status: Not published
By/In: Presented during the 25th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2022
Created: Hu, X. (4/14/2022)
Updated: Hu, X. (6/10/2022)
Visits: 647
- Dynamic modeling
- Climate change policy
- Environmental policies
- Trade and the environment
- GTAP Data Base and extensions
- Economic growth
- Asia (East)
- Europe (Eastern)
- North America

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