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Will the Kyoto Protocol affect growth in Russia?

  • Lecocq, Franck
  • Shalizi, Zmarak

In 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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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3454.

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Date of creation: 01 Nov 2004
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Handle: RePEc:wbk:wbrwps:3454
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  1. Bjart Holtsmark, 2003. "Russian behaviour in the market for permits under the Kyoto Protocol," Climate Policy, Taylor & Francis Journals, vol. 3(4), pages 399-415, December.
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