Will The Kyoto Protocol Affect Growth in Russia?
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 benef...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5442638/kyoto-protocol-affect-growth-russia http://hdl.handle.net/10986/14188 |
| Summary: | 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. |
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