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DTSTART:20251102T020000
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DESCRIPTION:Kyoto and the Carbon Content of Trade A unilateral tax on CO2 e
 missions may drive up indirect carbon imports from non-committed countries
 \, leading to carbon leakage. Using a gravity model of carbon trade\, the 
 authors of the paper analyze the effect of the Kyoto Protocol on the carbo
 n content of bilateral trade. They construct a novel data set of CO2 emiss
 ions embodied in bilateral trade flows. Its panel structure allows dealing
  with endogenous selection of countries into the Protocol. They find stron
 g statistical evidence for Kyoto commitments to affect carbon trade. On av
 erage\, the Kyoto protocol led to substantial carbon leakage but its total
  effect on carbon trade was only minor.&nbsp\;
DTEND:20100426T213000Z
DTSTAMP:20260418T194343Z
DTSTART:20100426T200000Z
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SEQUENCE:0
SUMMARY:TDPE presents: Gabriel Felbermayr(3)
UID:RFCALITEM639121238237685409
X-ALT-DESC;FMTTYPE=text/html:Kyoto and the Carbon Content of Trade A unilat
 eral tax on CO2 emissions may drive up indirect carbon imports from non-co
 mmitted countries\, leading to carbon leakage. Using a gravity model of ca
 rbon trade\, the authors of the paper analyze the effect of the Kyoto Prot
 ocol on the carbon content of bilateral trade. They construct a novel data
  set of CO2 emissions embodied in bilateral trade flows. Its panel structu
 re allows dealing with endogenous selection of countries into the Protocol
 . They find strong statistical evidence for Kyoto commitments to affect ca
 rbon trade. On average\, the Kyoto protocol led to substantial carbon leak
 age but its total effect on carbon trade was only minor.&nbsp\;
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