Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/cup/endeec/v21y2016i01p1-22_00.html
   My bibliography  Save this article

Did the Kyoto Protocol fail? An evaluation of the effect of the Kyoto Protocol on CO2 emissions

Author

Listed:
  • Grunewald, Nicole
  • Martinez-Zarzoso, Inmaculada
Abstract
In this paper, we empirically investigate the impact of the Kyoto Protocol on CO2 emissions using a sample of 170 countries over the period 1992–2009. We propose the use of a difference-in-differences estimator with matching to address the endogeneity of the policy variable, namely Kyoto commitments. Countries are matched according to observable characteristics to create a suitable counterfactual. We correspondingly estimate a panel data model for the whole sample and the matched sample and compare the results to those obtained using an instrumental variable approach. The main results indicate that Kyoto Protocol commitments have a measurable reducing effect on CO2 emissions, indicating that a treaty often deemed a ‘failure’ may in fact be producing some non-negligible effects for those who signed it.

Suggested Citation

  • Grunewald, Nicole & Martinez-Zarzoso, Inmaculada, 2016. "Did the Kyoto Protocol fail? An evaluation of the effect of the Kyoto Protocol on CO2 emissions," Environment and Development Economics, Cambridge University Press, vol. 21(1), pages 1-22, February.
    • Handle: RePEc:cup:endeec:v:21:y:2016:i:01:p:1-22_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1355770X15000091/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chien‐Chiang Lee & Mei‐Ping Chen & Wei Xu, 2022. "Assessing the impacts of formal and informal regulations on ecological footprint," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 989-1017, October.
    2. Miyamoto, Mai & Takeuchi, Kenji, 2019. "Climate agreement and technology diffusion: Impact of the Kyoto Protocol on international patent applications for renewable energy technologies," Energy Policy, Elsevier, vol. 129(C), pages 1331-1338.
    3. Musarat Abbas & Ling Yang & Michael L. Lahr, 2024. "Globalization’s effects on South Asia’s carbon emissions, 1996–2019: a multidimensional panel data perspective via FGLS," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-19, December.
    4. Yu, Jian & Liu, Peng & Shi, Xunpeng & Ai, Xianneng, 2023. "China’s emissions trading scheme, firms’ R&D investment and emissions reduction," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1021-1037.
    5. Bierbrauer, Felix & Felbermayr, Gabriel & Ockenfels, Axel & Schmidt, Klaus M. & Südekum, Jens, 2021. "A CO2-border adjustment mechanism as a building block of a climate club," Kiel Policy Brief 151, Kiel Institute for the World Economy (IfW Kiel).
    6. Almer, Christian & Winkler, Ralph, 2017. "Analyzing the effectiveness of international environmental policies: The case of the Kyoto Protocol," Journal of Environmental Economics and Management, Elsevier, vol. 82(C), pages 125-151.
    7. Erum Rehman & Muhammad Ikram & Shazia Rehman & Ma Tie Feng, 2021. "Growing green? Sectoral-based prediction of GHG emission in Pakistan: a novel NDGM and doubling time model approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(8), pages 12169-12191, August.
    8. Destek, Mehmet Akif, 2019. "Investigation on the role of economic, social and political globalization on environment: Evidence from CEECs," MPRA Paper 106937, University Library of Munich, Germany.
    9. Wan, Panbing & Zhang, ZhongXiang & Chen, Lin, 2024. "Environmental co-benefits of climate mitigation: Evidence from clean development mechanism projects in China," China Economic Review, Elsevier, vol. 85(C).
    10. Mele, Antonio & Paglialunga, Elena & Sforna, Giorgia, 2021. "Climate cooperation from Kyoto to Paris: What can be learnt from the CDM experience?," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    11. Nerea Portillo Juan & Vicente Negro Valdecantos & José María del Campo, 2022. "A New Climate Change Analysis Parameter: A Global or a National Approach Dilemma," Energies, MDPI, vol. 15(4), pages 1-24, February.
    12. Núñez-Rocha, Thaís & Martínez-Zarzoso, Inmaculada, 2019. "Are international environmental policies effective? The case of the Rotterdam and the Stockholm Conventions," Economic Modelling, Elsevier, vol. 81(C), pages 480-502.
    13. Stranadko, Nataliya, 2021. "EU-US climate cooperation: Challenges and opportunities for the implementation of the Paris agreement," Discussion Papers 02/2021, Europa-Kolleg Hamburg, Institute for European Integration.
    14. Yoomi Kim & Katsuya Tanaka & Shunji Matsuoka, 2020. "Environmental and economic effectiveness of the Kyoto Protocol," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-15, July.
    15. Cary, Michael, 2023. "Climate policy boosts trade competitiveness: Evidence from timber trade networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 188(C).
    16. Kuriyama, Akihisa & Abe, Naoya, 2018. "Ex-post assessment of the Kyoto Protocol – quantification of CO2 mitigation impact in both Annex B and non-Annex B countries-," Applied Energy, Elsevier, vol. 220(C), pages 286-295.
    17. Rios, Vicente & Gianmoena, Lisa, 2018. "Convergence in CO2 emissions: A spatial economic analysis with cross-country interactions," Energy Economics, Elsevier, vol. 75(C), pages 222-238.
    18. Joel A. Rosado Anastacio, 2018. "Usando el método de control sintético para analizar la efectividad del Protocolo de Kioto para reducir las emisiones de CO2, CH4 y N2O en Espana," Revista de Economía del Rosario, Universidad del Rosario, vol. 21(2), pages 341-379, December.
    19. Cary, Michael & Stephens, Heather M., 2024. "Economic, environmental, and technical gains from the Kyoto Protocol: Evidence from cement manufacturing," Resources Policy, Elsevier, vol. 91(C).
    20. Maamoun, Nada, 2019. "The Kyoto protocol: Empirical evidence of a hidden success," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 227-256.
    21. Dyah Maya Nihayah & Evi Gravitiani & Siti Aisyah Tri Rahayu, 2021. "Does the Clean Development Mechanism Exist in Developing Countries After an International Agreement?," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 409-417.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:endeec:v:21:y:2016:i:01:p:1-22_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ede .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.