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Climate change and balance of trade

Gal Hochman and David Zilberman

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

Abstract: In the absence of a global climate agreement, countries employ local policies to curb pollution and introduce clean energy. These policies limit domestic consumption of a traded energy source but increase exports thus improving a country’s energy balance and its balance of trade. While focusing on US energy policy, we show this phenomenon for both petroleum products and for coal.

Keywords: Social and Behavioral Sciences; energy sources; international trade; technological change; climate change; balance of trade; green paradox (search for similar items in EconPapers)
Date: 2014-03-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-int
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