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| Author: | Copeland, B. R. Taylor, M. S. |
| Title: | Free trade and global warming: a trade theory view of the Kyoto protocol |
| Journal: | Journal of Environmental Economics and Management
2005 : MAR, VOL. 49:2, p. 205-234 |
| Index terms: | environment free trade international trade pollution |
| Language: | eng |
| Abstract: | This paper argues that several important results in environmental economics, true under mild conditions in closed economies, are false or need serious adjustment in a world with international trade in goods. In an open trading world: 1. unilateral emission reductions by the rich North can create self-interested emission reductions by the poor South, 2. simple rules for allocating emission reductions across countries (such as uniform reductions) may well be effective even if international trade in emission permits is not allowed, and 3. when international emission permit trade does occur it may take both participants in the trade worse off and increase global emissions. |
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