Analyzing the effectiveness of international environmental policies: The case of the Kyoto Protocol

Christian Almer, Ralph Winkler

Research output: Contribution to journalArticlepeer-review

57 Citations (Scopus)

Abstract

We study the effectiveness of emission targets under the Kyoto Protocol with respect to reducing CO2 emissions. Using country-level and US state-level panel data and employing the synthetic control method, we find very little evidence for an emission reduction effect for the major emitters among the Annex B countries with binding emission targets. More generally, we also show that evaluating the effectiveness of international environmental policies at the country level comes with a number of empirical challenges that may invalidate findings based on more traditional panel data approaches.

Original languageEnglish
Pages (from-to)125-151
Number of pages27
JournalJournal of Environmental Economics and Management
Volume82
DOIs
Publication statusPublished - 1 Mar 2017

Keywords

  • Climate policy
  • International environmental agreements
  • Kyoto Protocol
  • Synthetic control method

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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