Will the Kyoto Protocol Affect Growth in Russia?

25 Pages Posted: 20 Apr 2016

See all articles by Franck Lecocq

Franck Lecocq

World Bank - Development Economics Research Group - PFCplus Research

Zmarak Shalizi

World Bank - Research Department

Date Written: November 9, 2004

Abstract

In light of the recent argument that rapid economic growth in Russia over the next decade might result in emissions higher than the Kyoto target, thereby putting much-needed growth at risk, Lecocq and Shalizi revisit the discussion on the costs and benefits of ratification of the Kyoto Protocol by Russia. They conclude that even under a very high economic growth assumption, and even under very conservative assumptions about the decoupling between carbon dioxide emissions and economic growth, Russia still benefits from a net surplus of emissions allowances, and thus will not see its growth adversely affected by the Kyoto target. In addition, a review of the possible costs and benefits of the Kyoto Protocol suggests that the potential sale of excess allowances far outweighs the other costs.

This paper - a product of the Infrastructure and Environment Team, Development Research Group - is part of a larger effort in the group to analyze climate change mitigation and adaptation options.

Suggested Citation

Lecocq, Franck and Shalizi, Zmarak, Will the Kyoto Protocol Affect Growth in Russia? (November 9, 2004). World Bank Policy Research Working Paper No. 3454. Available at SSRN: https://ssrn.com/abstract=625330

Franck Lecocq (Contact Author)

World Bank - Development Economics Research Group - PFCplus Research ( email )

1818 H Street, N.W.
Washington, DC 20433
United States
202-473-1000 (Phone)
202-477-6391 (Fax)

Zmarak Shalizi

World Bank - Research Department ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

HOME PAGE: http://econ.worldbank.org/staff/zshalizi

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