TY - BOOK ID - 85502984 TI - Emissions and Growth: Trends and Cycles in a Globalized World AU - Cohen, Gail. AU - Jalles, João Tovar. AU - Loungani, Prakash. AU - Marto, Ricardo. PY - 2017 SN - 1484318234 1484318188 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Air KW - Air contaminants KW - Air pollutants KW - Air pollution KW - Air pollution control KW - Air toxics KW - Airborne pollutants KW - Atmosphere KW - Contaminants, Air KW - Control of air pollution KW - Pollutants, Air KW - Toxics, Air KW - Pollution KW - Air quality KW - Atmospheric deposition KW - Pollution. KW - Control KW - Exports and Imports KW - Macroeconomics KW - Environmental Conservation and Protection KW - Business Fluctuations KW - Cycles KW - Environment and Growth KW - Energy and the Macroeconomy KW - Climate KW - Natural Disasters and Their Management KW - Global Warming KW - Environment and Development KW - Environment and Trade KW - Sustainability KW - Environmental Accounts and Accounting KW - Environmental Equity KW - Population Growth KW - Trade: General KW - Aggregate Factor Income Distribution KW - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) KW - Climate change KW - International economics KW - Economic growth KW - Greenhouse gas emissions KW - Income KW - Imports KW - Exports KW - Business cycles KW - Environment KW - National accounts KW - International trade KW - Greenhouse gases KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:85502984 AB - Recent discussions of the extent of decoupling between greenhouse gas (GHG) emissions and real gross domestic product (GDP) provide mixed evidence and have generated much debate. We show that to get a clear picture of decoupling it is important to distinguish cycles from trends: there is an Environmental Okun's Law (a cyclical relationship between emissions and real GDP) that often obscures the trend relationship between emissions and real GDP. We show that, once the cyclical relationship is accounted for, the trends show evidence of decoupling in richer nations—particularly in European countries, but not yet in emerging markets. The picture changes somewhat, however, if we take into consideration the effects of international trade, that is, if we distinguish between production-based and consumption-based emissions. Once we add in their net emission transfers, the evidence for decoupling among the richer countries gets weaker. The good news is that countries with underlying policy frameworks more supportive of renewable energy and supportive of climate change tend to have greater decoupling between trend emissions and trend GDP, and for both production- and consumption-based emissions. ER -