GTAP Resources: Resource Display
| GTAP Resource #6988 |
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"Medium-term macroeconomic effects of Russia's War in Ukraine and how it affects energy security and global emission targets" by Rojas-Romagosa, Hugo Abstract Russia's War in Ukraine has disrupted the supply of natural gas for many European countries triggering an energy crisis and affecting energy security. We simulate the medium-term effects of these trade disruptions and find that Russia's real GDP losses are severe, while those European countries more dependent on Russian natural gas are also affected but to a lesser extent. Even though fossil fuel consumption and emissions are reduced as a consequence, these reductions are relatively small compared to the required mitigation efforts under Europe's nationally determined contributions (NDCs). Moreover, achieving these NDCs has become costlier after Russia's War in Ukraine following the real GDP reductions in Europe and lost access to relatively cheap Russian pipeline natural gas imports. We also find that constructing a new Russian pipeline to China does not provide significant macroeconomic benefits for either country. |
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- Climate change policy - Trade and the environment - Supply chains - Europe (Eastern) - Europe (Northern) - Europe (Southern) - Europe (Western) - European Union |
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Public Access  GTAP Resource 6988 (3.0 MB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
