Climate mitigation policy and restructuring of the global value chains

Maksym Chepeliev, Maryla Maliszewska, Israel Osorio Rodarte, Maria Filipa Seara Pereira and Dominique van der Mensbrugghe

No 333405, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Climate change and the respective policies for carbon emission reductions will test the resilience of global value chains and shape them. Shocks in production and trade can be transmitted from one country to another by global value chains, although they can also help to lessen the blow of a domestic shock. This paper explores simulations from the ENVISAGE global computable general equilibrium model to enhance understanding of the potential longer-term impacts of environmental policies. It evaluates the key factors shaping the global economy with stylized scenarios that capture the essential elements of policies to achieve carbon emission reductions that will have an impact on trade.

Keywords: International Relations/Trade; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 7
Date: 2022
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333405

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