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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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  • Lecocq, Franck & Shalizi, Zmarak, 2004. "Will the Kyoto Protocol affect growth in Russia?," Policy Research Working Paper Series 3454, The World Bank.
  • Handle: RePEc:wbk:wbrwps:3454

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    References listed on IDEAS

    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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    Cited by:

    1. World Bank, 2007. "International trade and Climate Change : Economic, Legal, and Institutional Perspectives," World Bank Publications, The World Bank, number 6831, March.
    2. 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.
    3. 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.

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    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;

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