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Unilateral climate change mitigation, carbon leakage and competitiveness: an application to the European Union

Unilateral climate change mitigation, carbon leakage and competitiveness: an application to the European Union

Barker, Terry and Scrieciu, S. Şerban (2009) Unilateral climate change mitigation, carbon leakage and competitiveness: an application to the European Union. International Journal of Global Warming, 1 (4). pp. 405-417. ISSN 1758-2083 (doi:10.1504/IJGW.2009.029212)

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Abstract

The setting of binding targets for CO<SUB align=right>2 emission reductions for 2020 by the European Union (EU) alone has led to concerns that unilateral climate change mitigation may not only hamper the union's competitiveness, but also result in carbon leakage. The paper explores these claims through the deployment of a dynamic, nonlinear, macro-econometric simulation called the Energy-Environment-Economy (E3) Model at the Global Scale (E3MG). In contrast to the generally held view, we argue that overall EU competitiveness may improve. We also argue that unilateral action may be effective in reducing global emissions relative to a no-climate-change-action scenario, although the reduction is very small.

Item Type: Article
Uncontrolled Keywords: environment, climate change, energy, sustainable development, climate economics, energy-environment-economy modelling, carbon leakage, competitiveness
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Q Science > Q Science (General)
Faculty / Department / Research Group: Faculty of Engineering & Science > Natural Resources Institute
Related URLs:
Last Modified: 14 Jan 2014 17:10
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/9864

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