Economic links among countries, through trade, will cause the effects of greenhouse-gas control measures taken by one set of nations to ripple through the international trade system, affecting countries that may not have agreed to share the burdens of control. So, for example, emission restrictions under the Kyoto Protocol will increase the cost to Annex B regions of using carbon-emitting fuels and raise the manufacturing cost of their energy-intensive goods, which may be exported in part to developing countries. The restrictions also will lower the global demand for these fuels and reduce their international prices. In addition, the emissions controls may depress the level of economic activity in countries under emissions restriction, lowering their demand for imports, some of which come from developing countries. In combination, these changes in trade volumes and prices can have complex consequences, harming some developing countries while benefiting others. This paper explores these consequences using a detailed Computable General Equilibrium (CGE) model of the world economy. / Includes bibliographical references (p. 26-28). / Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/) / Supported in part by the U.S. Dept. of Energy 901214-HAR DE-FG02-94ER61937 DE-FG0293ER61713 Supported in part by the U.S. Environmental Protection Agency CR-820662002 Also supported by the Royal Norwegian Ministries of Energy and Industry and Foreign Affairs.
| Identifer | oai:union.ndltd.org:MIT/oai:dspace.mit.edu:1721.1/3593 |
| Date | 10 1900 |
| Contributors | Babiker, Mustafa H.M., Jacoby, Henry D. |
| Publisher | MIT Joint Program on the Science and Policy of Global Change |
| Source Sets | M.I.T. Theses and Dissertation |
| Language | English |
| Detected Language | English |
| Format | 28 p., 287709 bytes, application/pdf |
| Relation | Report no. 53 |
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