1. Trade, Global Value Chains and Climate Action in the CPTPP.
- Author
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Chatterjee, Sanchita
- Subjects
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CLIMATE change mitigation , *GLOBAL value chains , *CARBON emissions , *TRANS-Pacific Partnership , *OPENNESS to experience , *REGIONAL differences , *EMISSIONS trading - Abstract
The current paper examines whether the Comprehensive and Progressive Agreement for Trans-Pacific Partnership could positively impact climate action by analysing its provisions and, linkages of regional and global value chains, trade and carbon dioxide emissions embedded in trade along production chains of the countries that are party to it. It finds that while CPTPP includes provisions that can impact climate action, it is not clear yet whether these have made any impact. Further, empirical analysis confirms that higher global value chain linkages and trade openness leads to lower exports of carbon di-oxide emissions. Lastly, the paper finds the CPTPP countries have been relatively high exporters of CO2 emissions compared to similar other country groups. The paper argues the agreement should include flexible measures in future balancing interests of other issues with climate action, and accounting for differences between countries and sectors, future shocks and, global value chain specificities. [ABSTRACT FROM AUTHOR]
- Published
- 2023