GTAP Resources: Resource Display
| GTAP Resource #7568 |
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"Combining the African Continental Free Trade Area and climate mitigation policies in Africa can result in double dividends" by Chepeliev, Maksym, Yohannes Hailu and Dominique van der Mensbrugghe Abstract Within the broad outlines of trade and energy sector implications, this study aims to address key questions related to the implementation of the African Continental Free Trade Area (AfCFTA) and its interaction with domestic energy and climate policies. The analysis relies on the dynamic computable general equilibrium model ENVISAGE coupled to a GTAP-Power Data Base. A set of forward-looking scenarios till 2040 are evaluated, which include the AfCFTA implementation, achievement of the Nationally Determined Contributions (NDCs) by countries around the world, higher-ambition mitigation policies in Africa and more rapid energy efficiency improvements in the African countries. Results suggest that while implementation of the AfCFTA leads to a cleaner generation mix, total emissions moderately increase following an expansion in economic activity. However, joint implementation of the AfCFTA and climate mitigation policies is a win-win solution for African countries, leading to a reduction in emissions (up to 20%-25% across countries), growing exports (up to 7%-8%), increasing share of renewable electricity (up to 25 pp) and welfare gains (up to 5%) in 2040. |
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- Climate change policy - Trade and the environment - Economic growth - Multilateral trade negotiations - Dynamic modeling - Africa (Central) - Africa (East) - Africa (North) - Africa (Southern) - Africa (West) |
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Public Access  Paper (188.4 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
