Author(s)

A. Slechten, V. Verardi

Abstract

This paper considers the effect of international air-pollution agreements ratified since 1970 on carbon dioxide emissions (CO₂), the main cause of anthropogenic climate change. The analysis is based on a panel dataset of 150 countries over the period 1970–2008. While the literature generally focuses on one particular agreement, we analyze the effect of the accumulation of agreements using a two-way (country, year) fixed effects regression model. We find th at the relationship between the number of ratifications and CO₂ emissions is statistically significant and linearly decreasing.

Keywords

air-pollution treaties, CO₂ emissions, panel data