International Environmental Agreement and Trade in Environmental Goods: The Case of Kyoto Protocol

نویسندگان

چکیده

The Kyoto Protocol has received much criticism for its effectiveness as well the spillover effect (i.e. carbon leakage and competitiveness loss). This paper provides first evidence of on bilateral trade in environmental goods, which can mitigate prevent damage. Using generalized synthetic control method, I construct counterfactual trading pairs with commitment show that export goods by countries increases 29–30% after protocol enters into force. further examines top exporters (Germany Japan) individually also reports positive effects. Technology transfer induced project-based mechanisms under Protocol, particular Clean Development Mechanism, is found to be potential driving

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ژورنال

عنوان ژورنال: Environmental and Resource Economics

سال: 2021

ISSN: ['1573-1502', '0924-6460']

DOI: https://doi.org/10.1007/s10640-021-00625-2