Climate Change Policy and Global Trade [Paperback]

A: Policy Background.- Climate Policy.- Trade Policy.- Multilateral Environmental Agreements and the Trade and Environment Nexus.- B: Analytical Framework.- A Computable General Equilibrium Model for Climate and Trade Policy Analysis.- Imperfect Competition: Modell ing Alternatives and Sensiti vity.- Risk and Transaction Costs.- Leakage.- Policy Simulations.- Climate Policies: Trade Spillovers, Joint Implementation and Technological Spillovers, Market Power, Investment Risks.- Trade Liberalisation andClimate Policies.

This book synthesises several studies on the potential global impacts of two fundamental international policy initiatives: (i) multilateral agreements on climate protection strategies and (ii) trade agreements towards global trade liberalisation. Although these initiatives are not directly linked, they interrelate in subtle, yet important ways. Based on theoretical analyses and numerical simulations, the book provides guidelines on efficient strategies for climate change mitigation, implementing the framework of the Kyoto Protocol and the provided flexibility instruments, hereby accounting for interrelationships with existing and possible trade agreements on various levels. The analyses incorporate important real-world features, such as imperfect market structures, trade liberalisation settings, risk or transaction costs, that may substantially influence the magnitude and even the sign of  policy impacts.

Synthesis of two international policy initiatives: climate protection agreements and global trade liberalisation agreements

Provides guidelines on efficient strategies for climate change mitigation

Incorporating important real-world features such as imperfect market structures, trade liberalisation settings, risk or transaction costs

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