Regional trade agreement burdens global carbon emissions mitigation

Regional trade agreements (RTAs) have been widely adopted to facilitate international trade and cross-border investment and promote economic development. However, ex ante measurements of the environmental effects of RTAs to date have not been well conducted. Here, we estimate the CO 2 emissions burd...

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Vydáno v:Nature communications Ročník 13; číslo 1; s. 408 - 12
Hlavní autoři: Tian, Kailan, Zhang, Yu, Li, Yuze, Ming, Xi, Jiang, Shangrong, Duan, Hongbo, Yang, Cuihong, Wang, Shouyang
Médium: Journal Article
Jazyk:angličtina
Vydáno: London Nature Publishing Group UK 20.01.2022
Nature Publishing Group
Nature Portfolio
Témata:
704/172/4081
704/844/843
Carbon dioxide
Carbon dioxide emissions
Climate policy
Economic development
Economic impact
Economics
Emissions
Emissions trading
Environmental effects
Environmental policy
Fuel combustion
Growth rate
Humanities and Social Sciences
International trade
multidisciplinary
Partnerships
Regional Comprehensive Economic Partnership
Regional development
Science
Science (multidisciplinary)
Tariffs
Trade agreements
Trade liberalization
ISSN:2041-1723, 2041-1723
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Shrnutí:Regional trade agreements (RTAs) have been widely adopted to facilitate international trade and cross-border investment and promote economic development. However, ex ante measurements of the environmental effects of RTAs to date have not been well conducted. Here, we estimate the CO 2 emissions burdens of the Regional Comprehensive Economic Partnership (RCEP) after evaluating its economic effects. We find that trade among RCEP member countries will increase significantly and economic output will expand with the reduction of regional tariffs. However, the results show that complete tariff elimination among RCEP members would increase the yearly global CO 2 emissions from fuel combustion by about 3.1%, doubling the annual average growth rate of global CO 2 emissions in the last decade. The emissions in some developing members will surge. In the longer run, the burdens can be lessened to some extent by the technological spillover effects of deeper trade liberalization. We stress that technological advancement and more effective climate policies are urgently required to avoid undermining international efforts to reduce global emissions. The Regional Comprehensive Economic Partnership (RCEP) will come into force in January 2022. Here the authors quantify ex ante economic and environmental effects following RCEP tariff reductions.
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ISSN:2041-1723
2041-1723
DOI:10.1038/s41467-022-28004-5