Can Global De-Carbonization Inhibit Developing Country Industrialization?

Most economic analyses of climate change have focused on the aggregate impact on countries of mitigation actions. We depart first in disaggregating the impact by sector, focusing particularly on manufacturing output and exports. Second, we decompose the impact of a modest agreement on emissions redu...

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Main Authors:	Mattoo, Aaditya, Subramanian, Arvind, van der Mensbrugghe, Dominique, He, Jianwu
Format:	Journal Article
Language:	en_US
Published:	Oxford University Press on behalf of the World Bank 2013
Subjects:	carbon carbon intensity carbon price carbon-intensive manufacturing Carbonization climate climate change climate change mitigation Coal Crude oil emission emission cuts emissions emissions quotas emissions reductions emissions targets Forestry international emissions pp tradable emissions
Online Access:	http://hdl.handle.net/10986/16353

id	okr-10986-16353
recordtype	oai_dc
spelling	okr-10986-163532021-04-23T14:03:28Z Can Global De-Carbonization Inhibit Developing Country Industrialization? Mattoo, Aaditya Subramanian, Arvind van der Mensbrugghe, Dominique He, Jianwu carbon carbon intensity carbon price carbon-intensive manufacturing Carbonization climate climate change climate change mitigation Coal Crude oil emission emission cuts emissions emissions quotas emissions reductions emissions targets Forestry international emissions pp tradable emissions Most economic analyses of climate change have focused on the aggregate impact on countries of mitigation actions. We depart first in disaggregating the impact by sector, focusing particularly on manufacturing output and exports. Second, we decompose the impact of a modest agreement on emissions reductions—17 percent relative to 2005 levels by 2020 for industrial countries and 17 percent relative to business-as-usual for developing countries—into three components: the change in the price of carbon due to each country's emission cuts per se; the further change in this price due to emissions tradability; and the changes due to any international transfers (private and public). Manufacturing output and exports in low carbon intensity countries such as Brazil are less affected. In contrast, in high carbon intensity countries, such as China and India, even a modest agreement depresses manufacturing output by 3–3.5 percent and manufacturing exports by 5.5–7 percent. The increase in the carbon price induced by emissions tradability hurts manufacturing output most while the real exchange rate effects of transfers hurt exports most. 2013-12-04T18:02:31Z 2013-12-04T18:02:31Z 2012-06-01 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/16353 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Oxford University Press on behalf of the World Bank Journal Article Brazil China India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	carbon carbon intensity carbon price carbon-intensive manufacturing Carbonization climate climate change climate change mitigation Coal Crude oil emission emission cuts emissions emissions quotas emissions reductions emissions targets Forestry international emissions pp tradable emissions
spellingShingle	carbon carbon intensity carbon price carbon-intensive manufacturing Carbonization climate climate change climate change mitigation Coal Crude oil emission emission cuts emissions emissions quotas emissions reductions emissions targets Forestry international emissions pp tradable emissions Mattoo, Aaditya Subramanian, Arvind van der Mensbrugghe, Dominique He, Jianwu Can Global De-Carbonization Inhibit Developing Country Industrialization?
geographic_facet	Brazil China India
description	Most economic analyses of climate change have focused on the aggregate impact on countries of mitigation actions. We depart first in disaggregating the impact by sector, focusing particularly on manufacturing output and exports. Second, we decompose the impact of a modest agreement on emissions reductions—17 percent relative to 2005 levels by 2020 for industrial countries and 17 percent relative to business-as-usual for developing countries—into three components: the change in the price of carbon due to each country's emission cuts per se; the further change in this price due to emissions tradability; and the changes due to any international transfers (private and public). Manufacturing output and exports in low carbon intensity countries such as Brazil are less affected. In contrast, in high carbon intensity countries, such as China and India, even a modest agreement depresses manufacturing output by 3–3.5 percent and manufacturing exports by 5.5–7 percent. The increase in the carbon price induced by emissions tradability hurts manufacturing output most while the real exchange rate effects of transfers hurt exports most.
format	Journal Article
author	Mattoo, Aaditya Subramanian, Arvind van der Mensbrugghe, Dominique He, Jianwu
author_facet	Mattoo, Aaditya Subramanian, Arvind van der Mensbrugghe, Dominique He, Jianwu
author_sort	Mattoo, Aaditya
title	Can Global De-Carbonization Inhibit Developing Country Industrialization?
title_short	Can Global De-Carbonization Inhibit Developing Country Industrialization?
title_full	Can Global De-Carbonization Inhibit Developing Country Industrialization?
title_fullStr	Can Global De-Carbonization Inhibit Developing Country Industrialization?
title_full_unstemmed	Can Global De-Carbonization Inhibit Developing Country Industrialization?
title_sort	can global de-carbonization inhibit developing country industrialization?
publisher	Oxford University Press on behalf of the World Bank
publishDate	2013
url	http://hdl.handle.net/10986/16353
_version_	1764432944618799104

Can Global De-Carbonization Inhibit Developing Country Industrialization?

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