Analyzing the effectiveness of international environmental policies: The case of the Kyoto Protocol
Christian Almer and
Journal of Environmental Economics and Management, 2017, vol. 82, issue C, 125-151
We study the effectiveness of emission targets under the Kyoto Protocol with respect to reducing CO2 emissions. Using country-level and US state-level panel data and employing the synthetic control method, we find very little evidence for an emission reduction effect for the major emitters among the Annex B countries with binding emission targets. More generally, we also show that evaluating the effectiveness of international environmental policies at the country level comes with a number of empirical challenges that may invalidate findings based on more traditional panel data approaches.
Keywords: Climate policy; International environmental agreements; Kyoto Protocol; Synthetic control method (search for similar items in EconPapers)
JEL-codes: K33 Q54 (search for similar items in EconPapers)
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Working Paper: Analysing the Effectiveness of International Environmental Policies: The Case of the Kyoto Protocol (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:82:y:2017:i:c:p:125-151
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