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GTAP Resources: Resource Display

GTAP Resource #957

"The Economic and Environmental Impact of the US Withdrawal from the Kyoto Protocol"
by Hamasaki, Hiroshi

George W. Bush, the US President, announced withdrawal from the Kyoto Protocol and the announcement has caused significant ripples internationally. In this study, we have done simulation to estimate economic and environmental influences on each country/region by the withdrawal of the US, by using GTAP-E model. In case the US does not ratify the Kyoto Protocol, Japan and the EU, other Annex countries, will lose competitiveness against the US, but on the other hand, the US economy will keep stable economic growth. Japanese economy, especially export sector, heavily depend on the US economy and it is hard to conclude that the US withdrawal from the Kyoto Protocol lead to serious economic impact on Japan. On the other hand, the US can enjoy the improvement of production output in industrial sectors, especially energy sector by not ratifying Kyoto protocol. In addition, the withdrawal of the US not only bring about negative impact on industrial sectors of other Annex countries/regions, but also bring about carbon-leakage and it worsens efficiency of carbon dioxide reduction on the whole earth.

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
2002 Conference Paper
Status: Published
By/In: Presented at the 5th Annual Conference on Global Economic Analysis, Taipei, Taiwan
Date: 2002
Created: Hamasaki, H. (4/2/2002)
Updated: Bacou, M. (7/16/2002)
Visits: 1,505
No keywords have been specified.

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