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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Vydané v:	Nature communications Ročník 13; číslo 1; s. 408 - 12
Hlavní autori:	Tian, Kailan, Zhang, Yu, Li, Yuze, Ming, Xi, Jiang, Shangrong, Duan, Hongbo, Yang, Cuihong, Wang, Shouyang
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	London Nature Publishing Group UK 20.01.2022 Nature Publishing Group Nature Portfolio
Predmet:	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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Abstract	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.
AbstractList	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 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 emissions from fuel combustion by about 3.1%, doubling the annual average growth rate of global CO 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. 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. 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 CO2 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 CO2 emissions from fuel combustion by about 3.1%, doubling the annual average growth rate of global CO2 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. 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 CO2 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 CO2 emissions from fuel combustion by about 3.1%, doubling the annual average growth rate of global CO2 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.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 CO2 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 CO2 emissions from fuel combustion by about 3.1%, doubling the annual average growth rate of global CO2 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. 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.
ArticleNumber	408
Author	Li, Yuze Zhang, Yu Ming, Xi Duan, Hongbo Yang, Cuihong Wang, Shouyang Tian, Kailan Jiang, Shangrong
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Snippet	Regional trade agreements (RTAs) have been widely adopted to facilitate international trade and cross-border investment and promote economic development.... The Regional Comprehensive Economic Partnership (RCEP) will come into force in January 2022. Here the authors quantify ex ante economic and environmental...
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StartPage	408
SubjectTerms	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
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Title	Regional trade agreement burdens global carbon emissions mitigation
URI	https://link.springer.com/article/10.1038/s41467-022-28004-5 https://www.ncbi.nlm.nih.gov/pubmed/35058436 https://www.proquest.com/docview/2621430596 https://www.proquest.com/docview/2622285926 https://pubmed.ncbi.nlm.nih.gov/PMC8776788 https://doaj.org/article/f3177cfd110e41d98368677f9ea229c2
Volume	13
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