IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Comparing Climate Commitments: A Model-Based Analysis Of The Copenhagen Accord

  • WARWICK J. MCKIBBIN

    ()

    (Research School of Economics, ANU College of Business and Economics, Arndt Building (25), The Australian National University, Canberra ACT 0200, Australia; The Brookings Institution, 1775, Massachusetts Ave, NW, Washington DC 20036, USA)

  • ADELE C. MORRIS

    ()

    (The Brookings Institution, 1775, Massachusetts Ave, NW, Washington DC 20036, USA)

  • PETER J. WILCOXEN

    ()

    (The Maxwell School, Syracuse University, Syracuse, NY 13244, USA; The Brookings Institution, Brookings 1775, Massachusetts Ave, NW, Washington DC 20036, USA)

The political accord struck by leaders at the United Nations negotiations in Copenhagen in December 2009 allows participants to express their greenhouse gas commitments in a variety of ways. This paper compares the environmental and economic performance of these disparate commitments using the G-Cubed model of the global economy. We focus on fossil-fuel-related CO2 and assume targets are achieved domestically. We show how different formulations make the same targets appear different in stringency and explore the Accord's spillover effects across countries. We find that commitments by Japan and Europe imply high carbon prices and relatively high GDP losses. The United States and China both have moderate carbon prices and moderate GDP effects. Australia and Eastern Europe/Former Soviet Union have relatively large GDP effects despite small or zero carbon prices because their terms of trade decline. OPEC suffers a large drop in GDP from a sharp decline in world oil demand.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.worldscinet.com/cgi-bin/details.cgi?type=pdf&id=pii:S201000781100022X
Download Restriction: Access to full text is restricted to subscribers.

File URL: http://www.worldscinet.com/cgi-bin/details.cgi?type=html&id=pii:S201000781100022X
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Climate Change Economics.

Volume (Year): 02 (2011)
Issue (Month): 02 ()
Pages: 79-103

as
in new window

Handle: RePEc:wsi:ccexxx:v:02:y:2011:i:02:p:79-103
Contact details of provider: Web page: http://www.worldscinet.com/cce/cce.shtml

Order Information: Email:


No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wsi:ccexxx:v:02:y:2011:i:02:p:79-103. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.