Trade in Low Carbon Technologies: The Role of Climate and Trade Policies
Trade in Low Carbon Technologies: The Role of Climate and Trade Policies
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Volume/Issue:
Volume 2024
Issue 075
Publication date: March 2024
ISBN: 9798400271083
$20.00
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Topics covered in this book
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Exports and Imports , Economics- Macroeconomics , Taxation - General , Economics / General , Environmental Economics , Public Policy- Environmental Policy , Climate policies , trade , low carbon technologies , technological diffusion , , LCT import , LCT diffusion , deployment of low carbon technologies , role of trade policies , policy portfolio , Climate policy , Imports , Trade policy , Tariffs , Climate change , Global
Summary
Curbing carbon emissions to meet the targets set in the Paris Agreement requires the deployment of low carbon technologies (LCTs) at a global scale. This paper assesses the role of climate and trade policies in fostering LCT diffusion through trade. Leveraging a comprehensive database of climate policies and a new database identifying trade in low carbon technologies and the tariffs applied to these goods, this paper shows that the introduction of new climate policies has a positive and significant impact on LCT imports. Zooming into specific climate policies, the paper finds that, except for non-binding ones, all climate policies stimulate LCT imports. The paper also highlights the role of trade policies as an engine of LCT diffusion—reductions in tariffs applied on LCT goods have a sizeable impact on LCT imports. On the flip side, results suggest that more protectionist measures would impede the spread of low-carbon technologies.
