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  Carbon emissions and economic impacts of an EU embargo on Russian fossil fuels

Liu, L.-J., Jiang, H.-D., Liang, Q.-M., Creutzig, F., Liao, H., Yao, Y.-F., Qian, X.-Y., Ren, Z.-Y., Qing, J., Cai, Q.-R., Edenhofer, O., Wei, Y.-M. (2023): Carbon emissions and economic impacts of an EU embargo on Russian fossil fuels. - Nature Climate Change, 13, 290-296.
https://doi.org/10.1038/s41558-023-01606-7

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???ViewItemFull_lblCiteItemAs???: https://publications.pik-potsdam.de/pubman/item/item_28330 ???ViewItemFull_lblCiteItemVersionAs???: https://publications.pik-potsdam.de/pubman/item/item_28330_4
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 ???ViewItemFull_lblCreators???:
Liu, Li-Jing1, ???ENUM_CREATORROLE_AUTHOR???
Jiang, Hong-Dian1, ???ENUM_CREATORROLE_AUTHOR???
Liang, Qiao-Mei1, ???ENUM_CREATORROLE_AUTHOR???
Creutzig, Felix1, ???ENUM_CREATORROLE_AUTHOR???
Liao, Hua1, ???ENUM_CREATORROLE_AUTHOR???
Yao, Yun-Fei1, ???ENUM_CREATORROLE_AUTHOR???
Qian, Xiang-Yan1, ???ENUM_CREATORROLE_AUTHOR???
Ren, Zhong-Yuan1, ???ENUM_CREATORROLE_AUTHOR???
Qing, Jing1, ???ENUM_CREATORROLE_AUTHOR???
Cai, Qi-Ran1, ???ENUM_CREATORROLE_AUTHOR???
Edenhofer, Ottmar2, ???ENUM_CREATORROLE_AUTHOR???                 
Wei, Yi-Ming1, ???ENUM_CREATORROLE_AUTHOR???
???ViewItemFull_lblAffiliations???:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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???ViewItemFull_lblSubject???: Climate-change mitigation, Energy supply and demand
 ???ViewItemFull_lblAbstract???: The Russia–Ukraine conflict lays bare the dependence of the European Union (EU) on fossil fuel imports from Russia. Here, we use a global computable general equilibrium model, C3IAM/GEEPA, to estimate CO2 emission and gross domestic product (GDP) impact of embargoing fossil fuels from Russia. We find that embargoes induce more than 10% reduction of CO2 emissions in the EU and slight increases of emissions in Russia, while both regions experience GDP losses (around 2% for the EU and about 5% for Russia, ignoring the relative impact of other sanctions). Reacting to increasing energy prices with demand-side response inside the EU would increase CO2 emission savings, while turning GDP losses into gains. Implementing a partial embargo with tariffs largely compensates for lost government revenue.

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???ViewItemFull_lblLanguages???: eng - English
 ???ViewItemFull_lblDates???: 2022-05-232023-01-162023-02-062023-03
 ???ViewItemFull_lblPublicationStatus???: ???ViewItem_lblPublicationState_published-in-print???
 ???ViewItemFull_lblPages???: 7
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 ???ViewItemFull_lblIdentifiers???: ???ENUM_IDENTIFIERTYPE_DOI???: 10.1038/s41558-023-01606-7
???ENUM_IDENTIFIERTYPE_PIKDOMAIN???: Director / Executive Staff / Science & Society
???ENUM_IDENTIFIERTYPE_ORGANISATIONALK???: Director Edenhofer
???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Economics
???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Energy
???ENUM_IDENTIFIERTYPE_REGIONALK???: Europe
???ENUM_IDENTIFIERTYPE_MDB_ID???: No data to archive
???ENUM_IDENTIFIERTYPE_PIKDOMAIN???: RD5 - Climate Economics and Policy - MCC Berlin
???ENUM_IDENTIFIERTYPE_ORGANISATIONALK???: RD5 - Climate Economics and Policy - MCC Berlin
???ENUM_IDENTIFIERTYPE_WORKINGGROUP???: Cities: Data Science and Sustainable Planning
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???ViewItemFull_lblSourceTitle???: Nature Climate Change
???ViewItemFull_lblSourceGenre???: ???ENUM_GENRE_JOURNAL???, SCI, Scopus, p3
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???ENUM_IDENTIFIERTYPE_PUBLISHER???: Nature