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Publication Detail
DLSU-AKI Policy Brief, Volume VII, No. 9: Investigating the Effects of Kyoto Protocol Mechanisms on the Environment and Economy

As production processes improve, the stimulation of economic growth has overlooked its externalities over time. In pursuit of sustainable development, nations were driven to combat climate change and increasing greenhouse gas emissions through the Kyoto Protocol. The policy brief is based on the investigation of the Kyoto Protocol Mechanisms (Clean Development and Emissions Trading Scheme) through difference-in-difference (DID) estimation, together with panel regression to evaluate the path towards viability using the metrics for externalities (total greenhouse gas emissions) and economic growth (GDP). For this reason, the DID takes into account the quantitative aspect in evaluating the effectiveness of the said mechanisms by investigating the pre- and post-treatment periods. The panel regression results then quantify the influence of the drivers of development towards the specified metrics. Results show that relying on the mechanisms aforementioned in promoting and reinforcing cleaner economic growth throughout the globe is inefficient. Such evidence will be fundamental in enhancing the said mechanisms for its continuity.

DLSU - Angelo King Institute for Economic and Business Studies
Authors Keywords
Co, Erica Reanne C.; Francisco, Samantha Colleen M.; Gumba, Chelsie Marie D.; Magallanes, Joshua Martin J. ; Kyoto Protocol Mechanism; Emissions Trading Scheme; Clean Development Mechanism; Greenhouse Gas Emissions; Sustainable Development ;
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Published in 2021 and available in the De La Salle University - Angelo King Institute for Economic and Business Studies (Room 223, St. La Salle Hall, 2401 Taft Avenue, Manila 0922 or Downloaded 3 times since June 29, 2021
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