Can Global De-Carbonization Inhibit Developing Country Industrialization?

Publication:
Can Global De-Carbonization Inhibit Developing Country Industrialization?

creativeworkseries.issn	1564-698X
dc.contributor.author	Mattoo, Aaditya
dc.contributor.author	Subramanian, Arvind
dc.contributor.author	van der Mensbrugghe, Dominique
dc.contributor.author	He, Jianwu
dc.date.accessioned	2013-12-04T18:02:31Z
dc.date.available	2013-12-04T18:02:31Z
dc.date.issued	2012-06-01
dc.description.abstract	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.	en
dc.identifier.citation	World Bank Economic Review
dc.identifier.doi	10.1596/16353
dc.identifier.issn	1564-698X
dc.identifier.uri	https://hdl.handle.net/10986/16353
dc.language.iso	en_US
dc.publisher	Oxford University Press on behalf of the World Bank
dc.relation.ispartofseries	World Bank Economic Review
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	carbon
dc.subject	carbon intensity
dc.subject	carbon price
dc.subject	carbon-intensive manufacturing
dc.subject	Carbonization
dc.subject	climate
dc.subject	climate change
dc.subject	climate change mitigation
dc.subject	Coal
dc.subject	Crude oil
dc.subject	emission
dc.subject	emission cuts
dc.subject	emissions
dc.subject	emissions quotas
dc.subject	emissions reductions
dc.subject	emissions targets
dc.subject	Forestry
dc.subject	international emissions
dc.subject	pp
dc.subject	tradable emissions
dc.title	Can Global De-Carbonization Inhibit Developing Country Industrialization?	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.crosscuttingsolutionarea	Climate Change
okr.date.disclosure	2013-12-04
okr.date.doiregistration	2025-05-06T10:56:01.346064Z
okr.doctype	Journal Article
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Environment and Natural Resources
okr.journal.nbpages	296-319
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.region.country	Brazil
okr.region.country	China
okr.region.country	India
okr.relation.associatedurl	https://openknowledge.worldbank.org/handle/10986/4317
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Macroeconomics and Economic Growth::Climate Change Economics
okr.volume	26(2)
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relation.isJournalIssueOfPublication.latestForDiscovery	ff60299f-1cef-432f-bed7-b670430e6aa6
relation.isJournalOfPublication	c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication	748e7c36-7413-4a62-878d-6759f614bc0b