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The Effect of the Kyoto Protocol on Carbon Emissions

Datos Bibliográficos

ID11683058
AutoresRahel Aichele (autor de correspondencia), Gabriel Felbermayr (0000-0003-4984-9745)
Año2013
Volumen32
Número4
Páginas731-757
Fecha de publicación2013-08-22
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaJournal of Policy Analysis and Management (JOURNAL)
Identificadores de la revistaISSN: 0276-8739 • E-ISSN: 1520-6688
EditorialWiley (PUBLISHER • GB)
DOI10.1002/pam.21720
OpenAlexW1705784256
IdiomaEN
Citas recibidas10
Referencias citadas31

Since 1997, CO 2 emissions have continued to rise in many countries despite their emission caps under the Kyoto Protocol (Kyoto). Failure to meet promised targets, however, does not imply that Kyoto has been pointless. Whether Kyoto has made a difference relative to the counterfactual of “No Kyoto” is an empirical question that requires an instrumental variables strategy. We argue that countries’ ratification of the statutes governing the International Criminal Court is a valid instrument for ratification of Kyoto commitments. In our panel fixed effects estimations, the instrument easily passes weak identification and overidentification tests. It can be plausibly excluded from our second‐stage equations and does not cause CO 2 emissions. Our estimates suggest that Kyoto ratification has a quantitatively large (about 10 percent) and robust, though only moderately statistically significant, negative effect on CO 2 emissions. We also show that higher fuel prices and a different energy mix in Kyoto countries support this result

Counterfactual thinking · Econometrics · Economics · Greenhouse gas · International economics · International trade · Kyoto Protocol · Political science · Politics · Ratification · Atmospheric and Environmental Gas Dynamics · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Law

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Obras citantes distintas10
Citas por año0,91
Intervalo de citas2015 - 2025 (11)
Velocidad de citaciónrecent
Altamente citadoNo
Tipos de citaNeutras: 10
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