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Impacts of Paris Agreement on Russian economy
https://doi.org/10.32609/0042-8736-2018-4-76-94
Abstract
The paper applies multiregional CGE Economic Policy Projection and Analysis (EPPA) model to analyze major risks the Paris Agreement on climate change adopted in 2015 brings to Russia. The authors come to the conclusion that if parties of the Agreement meet their targets that were set for 2030 it may lead to the decrease of average annual GDP growth rates by 0.2-0.3 p. p. Stricter climate policies beyond this year would bring GDP growth rates reduction in2035-2050 by additional 0.5 p. p. If Russia doesn’t ratify Paris Agreement, these losses may increase. In order to mitigate these risks, diversification of Russian economy is required.
About the Authors
I. A. Makarov
National Research University Higher School of Economics
Russian Federation
Russian Federation
H. Chen
Massachusetts Institute of Technology
United States
United States
S. V. Paltsev
Massachusetts Institute of Technology
United States
United States
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Review
For citations:
Makarov I.A., Chen H., Paltsev S.V. Impacts of Paris Agreement on Russian economy. Voprosy Ekonomiki. 2018;(4):76-94. (In Russ.) https://doi.org/10.32609/0042-8736-2018-4-76-94
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