Publication:
Global Ripple Effects: Knock-on Effects of EU, US, and China Climate Policies on Developing Countries’ Trade

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dc.contributor.authorAldaz-Carroll, Enrique
dc.contributor.authorJung, Euijin
dc.contributor.authorMaliszewska, Maryla
dc.contributor.authorSikora, Iryna
dc.date.accessioned2024-11-26T22:40:00Z
dc.date.available2024-11-26T22:40:00Z
dc.date.issued2024-11-26
dc.description.abstractThe three major players in the global economy, the United States, the European Union, and China, have been designing climate mitigation policies that will help reduce their carbon emissions but will also likely reshape developing countries’ trade, prices, and access to technology. This paper examines developing countries’ exposure to such changes. Overall, the policies are expected to curtail demand for fossil fuels, energy-intensive manufacturing, and agricultural exports linked to environmental degradation. They are also expected to open export opportunities in critical minerals, electric vehicles and their components, and renewable energy technologies and components. The exposure of affected export sectors and the overall economy to these changes will vary across countries based on the orientation of their export sectors to the markets in the European Union, the United States, and Chinese as well as the weight of affected exports in their economies. The climate policies will also likely reduce oil prices and raise critical mineral prices, help reduce the cost of green technologies, and increase green foreign investment. The paper draws recommendations for developing countries, the European Union, the United States, and China, as well as the international community, on how best to help developing countries lessen the potential negative competitiveness effects of these climate policies and make the most of the opportunities for a faster green transition and economic development.en
dc.identifierhttp://documents.worldbank.org/curated/en/099404411262427372/IDU1a2acff15188ab14ea51a7561bd72b8127c1d
dc.identifier.doi10.1596/42476
dc.identifier.urihttps://hdl.handle.net/10986/42476
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10988
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectINTERNATIONAL TRADE
dc.subjectTRADE AND ENVIRONMENT
dc.subjectCLIMATE CHANGE
dc.subjectTECHNOLOGICAL INNOVATION
dc.titleGlobal Ripple Effectsen
dc.title.subtitleKnock-on Effects of EU, US, and China Climate Policies on Developing Countries’ Tradeen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2024-11-26
okr.date.doiregistration2025-04-14T11:51:49.033962Z
okr.date.lastmodified2024-11-26T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099404411262427372/IDU1a2acff15188ab14ea51a7561bd72b8127c1d
okr.guid099404411262427372
okr.identifier.docmidIDU-a2acff15-88ab-4ea5-a756-bd72b8127c1d
okr.identifier.doi0.1596/1813-9450-10988
okr.identifier.externaldocumentum34428187
okr.identifier.internaldocumentum34428187
okr.identifier.reportWPS10988
okr.import.id5888
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099404411262427372/pdf/IDU1a2acff15188ab14ea51a7561bd72b8127c1d.pdfen
okr.region.geographicalWorld
okr.sectorTrade,Other Public Administration
okr.topicInternational Economics and Trade::Trade and Environment
okr.topicInternational Economics and Trade::Trade Policy
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Environmental Information Systems
okr.topicEnvironment::Environmental Management
okr.unitProsperity-TIC-Trade and RI (ETIRI)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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