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Environmental and economic effectiveness of the Kyoto Protocol

Title
Environmental and economic effectiveness of the Kyoto Protocol
Authors
Kim, YoomiTanaka, KatsuyaMatsuoka, Shunji
Ewha Authors
김유미
SCOPUS Author ID
김유미scopus
Issue Date
2020
Journal Title
PLOS ONE
ISSN
1932-6203JCR Link
Citation
PLOS ONE vol. 15, no. 7
Publisher
PUBLIC LIBRARY SCIENCE
Indexed
SCIE; SCOPUS WOS
Document Type
Article
Abstract
This study investigates the environmental and economic impacts of the Kyoto Protocol on Annex I parties through an impact assessment by combining the propensity score matching and the difference-in-difference methods. We establish a country-level panel data set including CO(2)emissions, gross domestic product (GDP), and other socioeconomic data for 1997-2008 and 2005-2008. Based on the impact evaluation, we conduct the simulation predicting the impacts of the Protocol to capture the differences of marginal damage cost of carbon emissions between the actual and counterfactual situations. The results suggest that participating as an Annex I party has a significant positive impact on CO(2)emission reductions, but a negative impact on the GDP of the participants in the long run. The predicted marginal benefit of the Protocol based on the marginal damage cost of carbon emissions shows that the marginal benefit of emission reductions mitigates a limited portion of the GDP loss. Future global climate change frameworks should focus on balancing the impact on economic and environmental performance in order to ensure sustainable development, especially for developing countries that have low capacity to mitigate emissions.
DOI
10.1371/journal.pone.0236299
Appears in Collections:
사회과학대학 > 행정학전공 > Journal papers
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