GDL

Journal from gdlhub / 2017-08-14 11:55:13
Oleh : Mustafa Babiker, John M. Reilly, Henry D. Jacoby, ELSEVIER (globalchange@mit.edu)
Dibuat : 2010-08-25, dengan 1 file

Keyword : Climate change, Trade, Developing countries

Under the Kyoto Protocol, the world's wealthier countries assumed binding commitments to reduce greenhouse gas missions. The agreement requires these countries to consider ways to minimize adverse e!ects on developing countries of these actions, transmitted through trade. Using a general equilibrium model of the world economy, we "nd that adverse e!ects fall mainly on energy-exporting countries, for some even greater than on countries that are assuming commitments. Removing existing fuel taxes and subsidies and using international permit trading would greatly reduce the adverse impacts and also reduce economic impacts on the countries taking on commitments. Another approach, preferential tari! reduction for developing countries, would bene"t many developing countries, but would not target those most adversely a!ected. If instead, OECD countries directly compensated developing countries for losses, the required annual "nancial transfer would be on the order of $25 billion (1995 $US) in 2010. ( 2000 Elsevier Science Ltd. All rights reserved.

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