Larch, Mario; Wanner, Joschka - In: European Economic Review 163 (2024), pp. 1-18
-participation in the Paris Agreement. Taking into account both direct and leakage effects, we find that non-participation of the US … would eliminate more than a third of the world emissions reduction (31.8% direct effect and 6.4% leakage effect), while a … potential non-participation of China lowers the world emission reduction by 24.1% (11.9% direct effect and 12.2% leakage effect …