Resource Center

Advanced Search
Technical Papers
Working Papers
Research Memoranda
GTAP-L Mailing List
GTAP FAQs
CGE Books/Articles
Important References
Submit New Resource

GTAP Resources: Resource Display

GTAP Resource #6988

"Medium-term macroeconomic effects of Russia's War in Ukraine and how it affects energy security and global emission targets"
by Rojas-Romagosa, Hugo


Abstract
Russia's War in Ukraine has disrupted the supply of natural gas for many European countries triggering an energy crisis and affecting energy security. We simulate the medium-term effects of these trade disruptions and find that Russia's real GDP losses are severe, while those European countries more dependent on Russian natural gas are also affected but to a lesser extent. Even though fossil fuel consumption and emissions are reduced as a consequence, these reductions are relatively small compared to the required mitigation efforts under Europe's nationally determined contributions (NDCs). Moreover, achieving these NDCs has become costlier after Russia's War in Ukraine following the real GDP reductions in Europe and lost access to relatively cheap Russian pipeline natural gas imports. We also find that constructing a new Russian pipeline to China does not provide significant macroeconomic benefits for either country.


Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Not published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Version: Draft version, do not cite
Created: Rojas-Romagosa, H. (4/15/2023)
Updated: Rojas-Romagosa, H. (4/15/2023)
Visits: 109
- Climate change policy
- Trade and the environment
- Supply chains
- Europe (Eastern)
- Europe (Northern)
- Europe (Southern)
- Europe (Western)
- European Union


Attachments
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.


Public Access
  File format GTAP Resource 6988  (3.0 MB)   Replicated: 0 time(s)


Restricted Access
No documents have been attached.


Special Instructions
No instructions have been specified.


Comments (0 posted)
You must log in before entering comments.

No comments have been posted.