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The Carbon Content of Austrian Trade Flows in the European and International Trade Context

Birgit Bednar-Friedl (), Pablo Muñoz Jaramillo, Thomas Schinko and Karl Steininger ()

No II-005, FIW Research Reports series from FIW

Abstract: In this study CO2 emissions embodied in Austrian international trade are quantified employing a 66-region input output model of multidirectional trade. We find that Austria’s final demand CO2 responsibilities on a global scale are 38% higher than conventional statistics report (110 Mt-CO2 versus 79 Mt-CO2 in 2004). For each unit of Austrian final demand, currently two thirds of the thus triggered CO2 emissions occur outside Austrian borders. We then develop a 19-region computable general equilibrium model of Austria and its major trading partners and world regions to find that future Austrian climate policy can achieve the EU 20-20 emission reduction targets, but that its carbon trade balance would worsen considerably. Both unilateral EU and internationally coordinated climate policies affect Austrian international trade stronger than its domestic production.

Keywords: Multi-regional Input-Output Analysis; Multi-regional Computable General Equilibrium; Embodied emissions; Consumption-based principle; Carbon Leakage; Carbon dioxide; Unilateral Climate Policy (search for similar items in EconPapers)
JEL-codes: C67 D58 F14 Q56 (search for similar items in EconPapers)
Pages: 112
Date: 2010-01
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