Will the Kyoto Protocol affect growth in Russia?
AbstractIn light of the recent argument that rapid economic growth in Russia over the next decade, might result in emissions higher than the Kyoto target, thereby putting much-needed growth at risk, the authors revisit the discussion on the costs and benefits of ratification of the Kyoto Protocol by Russia. They conclude that even under a very high economic growth assumption, and even under very conservative assumptions about the decoupling between carbon dioxide emissions, and economic growth, Russia still benefits from a net surplus of emissions allowances, and thus will not see its growth adversely affected by the Kyoto target. In addition, a review of the possible costs, and benefits of the Kyoto Protocol suggests that the potential sale of excess allowances, far outweighs the other costs.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 3454.
Date of creation: 01 Nov 2004
Date of revision:
Environmental Economics&Policies; Economic Theory&Research; Global Environment Facility; Climate Change; Montreal Protocol; Climate Change; Energy and Environment; Environmental Economics&Policies; Montreal Protocol; Carbon Policy and Trading;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-11-22 (All new papers)
- NEP-CIS-2004-11-22 (Confederation of Independent States)
- NEP-CWA-2004-11-22 (Central & Western Asia)
- NEP-TRA-2004-11-22 (Transition Economics)
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- Maria Garbuzova & Reinhard Madlener, 2012. "Towards an efficient and low carbon economy post-2012: opportunities and barriers for foreign companies in the Russian energy market," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(4), pages 387-413, April.
- World Bank, 2007. "International trade and Climate Change : Economic, Legal, and Institutional Perspectives," World Bank Publications, The World Bank, number 6831, October.
- Albu, Lucian Liviu, 2007. "Spatial Econometrics - Applications To Investigate Distribution Of Co2 Emission In Europe," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(1), pages 45-56, March.
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