Climate Clubs: Their Emergence and Implications for Trade Policy

Jukwan Lee ()
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Jukwan Lee: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] , Building C, Sejong National Research Complex, , 370, Sicheong-daero,, Sejong-si, Korea, https://www.kiep.go.kr/eng/

No 24-19, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This paper discusses the emergence of climate clubs as a new form of international cooperation to address climate change and its implications for trade policy. Climate clubs are presented as a potential solution to overcome the limitations of multilateral efforts and unilateral climate-trade measures. The paper explores the concept of climate clubs, examines real-world examples like the G7 Climate Club and the Global Sustainable Steel and Aluminum Agreement, and analyzes their potential economic impacts using simulation models. It also presents findings from interviews with domestic industries in South Korea regarding their perspectives on climate clubs.

Keywords: Climate Clubs; trade policy; international cooperation (search for similar items in EconPapers)
Pages: 11 pages
Date: 2024-06-27
New Economics Papers: this item is included in nep-ene, nep-env and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2024_019

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