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Will the Kyoto Protocol affect growth in Russia?

Franck Lecocq () and Zmarak Shalizi

No 3454, Policy Research Working Paper Series from The World Bank

Abstract: In light of the recent argument that rapid economic growth in Russia over the next decade, might result in emissions higher than the Kyoto target, thereby putting much-needed growth at risk, the authors revisit the discussion on the costs and benefits of ratification of the Kyoto Protocol by Russia. They conclude that even under a very high economic growth assumption, and even under very conservative assumptions about the decoupling between carbon dioxide emissions, and economic growth, Russia still benefits from a net surplus of emissions allowances, and thus will not see its growth adversely affected by the Kyoto target. In addition, a review of the possible costs, and benefits of the Kyoto Protocol suggests that the potential sale of excess allowances, far outweighs the other costs.

Keywords: Environmental Economics&Policies; Economic Theory&Research; Global Environment Facility; Climate Change; Montreal Protocol; Climate Change; Energy and Environment; Environmental Economics&Policies; Montreal Protocol; Carbon Policy and Trading (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-cwa and nep-tra
Date: 2004-11-01
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