Climate Change Policy and Global Trade

✍ Scribed by Christoph Böhringer, Andreas Löschel (auth.), Prof. Dr. Christoph Böhringer, Dr. Andreas Löschel (eds.)

• Publisher: Physica-Verlag Heidelberg
• Year: 2004
• Tongue: English
• Leaves: 386
• Series: ZEW Economic Studies 26
• Edition: 1
• Category: Library

✦ Synopsis

This book synthesises several studies on the potential global impacts of two fundamental international policy initiatives: (i) multilateral agreements on climate protection strategies and (ii) trade agreements towards global trade liberalisation. Although these initiatives are not directly linked, they interrelate in subtle, yet important ways. Based on theoretical analyses and numerical simulations, the book provides guidelines on efficient strategies for climate change mitigation, implementing the framework of the Kyoto Protocol and the provided flexibility instruments, hereby accounting for interrelationships with existing and possible trade agreements on various levels. The analyses incorporate important real-world features, such as imperfect market structures, trade liberalisation settings, risk or transaction costs, that may substantially influence the magnitude and even the sign of policy impacts.

✦ Table of Contents

Front Matter....Pages I-VIII
Introduction....Pages 1-2
Climate Policy....Pages 3-20
Trade Policy....Pages 21-83
Multilateral Environmental Agreements and the Trade and Environment Nexus....Pages 85-110
A Computable General Equilibrium Model for Climate and Trade Policy Analysis....Pages 111-144
Imperfect Competition: Modelling Alternatives and Sensitivity....Pages 145-174
Risk and Transaction Costs....Pages 175-203
Leakage....Pages 205-230
Climate Policies: Trade Spillovers, Joint Implementation and Technological Spillovers, Market Power, Investment Risks....Pages 231-296
Trade Liberalisation and Climate Policies....Pages 297-381

✦ Subjects

Environmental Economics; International Economics