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Will the Kyoto Protocol affect growth in Russia?, Volume 1
Author:Lecocq, Franck; Shalizi, Zmarak; Country:Russian Federation;
Date Stored:2004/11/30Document Date:2004/11/01
Document Type:Policy Research Working PaperSubTopics:Environmental Economics & Policies; Climate Change and Environment; Carbon Policy and Trading; Economic Theory & Research; Global Environment Facility; Montreal Protocol; Energy and Environment
Language:EnglishRegion:Europe and Central Asia
Report Number:WPS3454Collection Title:Policy, Research working paper ; no. WPS 3454
Volume No:1  

Summary: 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, the authors 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.

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