International Environmental Agreement and Trade in Environmental Goods: The Case of Kyoto Protocol

Tran, Trang My

doi:10.1007/s10640-021-00625-2

Cited by 8 publications

(4 citation statements)

References 34 publications

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“…The few existing papers exploring the trade effects of IEAs generate inconclusive results. Studies of the Kyoto Protocol find that membership to this agreement reduces trade in general (Aichele & Felbermayr, 2013;Kim, 2016) but increases trade in environmental goods (Tran, 2022). An article on the Basel Convention finds no evidence that the Convention has reduced the amount of waste being shipped among parties (Kellenberg & Levinson, 2014) while an article on the Rotterdam Convention and the Stockholm Convention finds that their ratification reduces trade of hazardous substances from OECD to non-OECD countries (Núñez-Rocha & Martínez-Zarzoso, 2019).…”

Section: The Literature On the Trade Effects Of Ieasmentioning

confidence: 99%

Environmental agreements as clubs: Evidence from a new dataset of trade provisions

2023

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Creating intergovernmental environmental clubs is a prominent policy proposal for addressing global environmental problems. According to their proponents, environmental clubs provide an incentive to join them and accept their environmental obligations by generating exclusive “club goods” for their members. Yet, the existing literature considers environmental clubs as a theoretical idea that still has to be put into practice. This article asks whether, in fact, the numerous international environmental agreements (IEAs) containing trade-related provisions provide club goods to their parties. It does so by investigating the effects of these provisions on trade flows among parties compared to flows with non-parties. We introduce an original dataset on 48 types of trade provisions in 2,097 IEAs that we make available with the publication of this article. Based on this new data and a panel of worldwide bilateral trade flows, we find evidence that existing IEAs and their trade-liberalizing content are associated with increased trade among their parties relative to trade with non-parties. We conclude from this finding that systems of IEAs provide club goods to their parties. Uncovering the existence of environmental clubs has significant methodological and policy implications. It is an important first step for future research on the actual effectiveness of clubs in attracting participation and raising environmental standards.

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Section: The Literature On the Trade Effects Of Ieasmentioning

confidence: 99%

Environmental agreements as clubs: Evidence from a new dataset of trade provisions

2023

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“…Maamoun (2019) uses the generalized synthetic control method (GSCM) to compare the emissions of industrialized countries participating in the Kyoto Protocol with their expected emissions had they not participated, and shows that the actual emissions are reduced by about 7% compared to the expected emissions under the "No-Kyoto" scenario. Specifically, the Kyoto Protocol encourages non-signatories to reduce carbon dioxide emissions while limiting carbon emissions of signatories by establishing cooperation mechanisms such as the joint implementation mechanism, the international emissions trading mechanism, and the clean development mechanism (Kuriyama and Abe, 2018;Tran, 2022).…”

Section: Introductionmentioning

confidence: 99%

“…However, the Kyoto Protocol has also received criticism. In particular, the exclusion of developing countries from emissions targets has been portrayed as a fatal design flaw, and the countries' legal obligations differ under the principle of "common but differentiated responsibilities" (Maamoun, 2019;Tran, 2022). Nevertheless, the Kyoto Protocol restricts the carbon dioxide emissions through its unique cooperation mechanisms and emission reduction methods (Madaleno and Moutinho, 2017;Mohammed, 2020).…”

Section: Introductionmentioning

confidence: 99%

High-dimensional CoVaR risk spillover network from oil market to global stock markets—Lessons from the Kyoto Protocol

Sheng

Yang

et al. 2023

Front. Environ. Sci.

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This paper explores the impact of the Kyoto Protocol by investigating the correlation and risk spillover between the crude oil market and the stock markets of 28 countries during its two commitment periods. Besides time-varying Copula-CoVaR models, the Adaptive Lasso-VAR model with oracle properties is employed in generalized variance decomposition, and a risk connectedness network is constructed to explore risk spillovers between the stock markets of various countries when the crude oil market is at risk. The results reveal positive correlations between the crude oil market and stock markets, which become weaker in the second commitment period than in the first. The crude oil market has both upside and downside spillover effects to most stock markets during both commitment periods, and the upside risk spillover effect is stronger than the downside effect. Overall, most non-signatories of the Kyoto Protocol are net receivers of risk spillovers when the crude oil market is at risk, while most signatories are net exporters of risk spillovers.

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“…For instance, Aichele and Felbermayr (2015) found that countries making binding commitments under the Kyoto Protocol increased their embodied carbon imports from noncommitted countries. Tran (2021) examined the impact of the Kyoto Protocol on the trade of environmental goods and found that the exports of environmental goods by Kyoto countries increased significantly after the Protocol entered into force. Ederington et al (2019) found that the ratification of an international environmental agreement has negative short-term impacts on exports of the manufacturing industry with medium emission intensity but positive long-term impacts due to shifts to cleaner products.…”

Section: Introductionmentioning

confidence: 99%

Drivers of Bilateral Climate Finance Aid: The Roles of Paris Agreement Commitments and Public Governance

Chen

Han²

2022

Preprint

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Using granular data from the OECD from 2010 to 2018 that differentiate between adaptation and mitigation measures to address climate change, we employed a double-hurdle model to examine whether countries’ Paris Agreement commitments and governance capacity help attract international climate-change-related financial aid. We found that (i) countries received a short-term aid boost in the year when they submitted the nationally determined contribution, and countries that committed only to action targets rather than emission goals were more likely to receive funds; (ii) both the quality of the budget and financial management and the quality of public management significantly enhanced the likelihood of receiving aid, but only the quality of public management contributed to attracting funding for adaptations; and (iii) multilateral institutions played catalytic roles in fostering bilateral international climate-change aid, particularly by increasing the likelihood of funding.JEL: O13; O19; Q54; H83.

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International Environmental Agreement and Trade in Environmental Goods: The Case of Kyoto Protocol

Cited by 8 publications

References 34 publications

Environmental agreements as clubs: Evidence from a new dataset of trade provisions

Environmental agreements as clubs: Evidence from a new dataset of trade provisions

High-dimensional CoVaR risk spillover network from oil market to global stock markets—Lessons from the Kyoto Protocol

Drivers of Bilateral Climate Finance Aid: The Roles of Paris Agreement Commitments and Public Governance

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