The Effect of Kyoto Emission Targets on Domestic CO2 Emissions: A Synthetic Control Approach
31 Pages Posted: 1 Feb 2011 Last revised: 21 Feb 2014
Date Written: January 25, 2012
We use recent developments in the empirics of comparative case studies to analyze the effect of binding emission targets under the Kyoto Protocol on the development of CO2 emissions of seven major Annex B countries. In particular, we investigate whether committing to a specific greenhouse gas emissions target had an effect on actual CO2 emissions of Australia, Canada, France, Germany, Great Britain, Italy and Japan by using a synthetic control approach. With the exception of Great Britain, we are not able to reject the hypothesis that there has been no effect of binding emission targets on actual emissions.
Keywords: Climate Policy, International Environmental Agreements, Kyoto Protocol, Synthetic Control Method
JEL Classification: K33, Q54
Suggested Citation: Suggested Citation