The GEAR members Pilar Osorio, María Ángeles Cadarso, María Ángeles Tobarra and Ángela García-Alaminos have recently published in Structural Change and Economic Dynamics the paper entitled: «Carbon footprint of tourism in Spain: Covid-19 impact and a look forward to recovery».

This paper quantifies the impact of the pandemic on Spanish tourism carbon footprint by using an environmentally extended multiregional input-output model. It also provides several scenarios to evaluate possible trends of tourism recovery and their impact on emissions. The results show that more ambition is needed: major changes in consumption patterns and efficiency are required to get on track towards the Net Zero targets.

We invite you to read the article and hope you find it interesting.

Link: https://www.sciencedirect.com/science/article/pii/S0954349X23000358

The journal Global Environmental Change published a new research by GEAR member. This article is the result of a new collaboration between Luis Antonio López, María Ángeles Cadarso and Mateo Ortiz with Prof. Xuemei Jiang (Capital University of Economics and Business, Beijing). In the paper entitled “The emissions responsibility accounting of multinational enterprises for an efficient climate policy”, the authors propose a novel method to allocate CO₂ emissions among countries integrating the emissions transfers through multinationals and foreign investment. This method, called technology-adjusted investment-based emission accounting (TIBA), rewards the home regions of multinationals that transfer clean technology to other regions through their affiliates.

The main finding of the work indicates that the application of the TIBA method on a global scale has the potential to reduce global CO₂ emissions up to 16%.

We invite you to read the article and hope you find it interesting.

Link: https://doi.org/10.1016/j.gloenvcha.2022.102545

GEAR members Mateo Ortiz, Maria Ángeles Cadarso and Luis Antonio López achieve a new publication on the global supply chains of multinational enterprises, this time in collaboration with our colleague Xuemei Jiang of Capital University of Economics and Business (Beijing, China).

In the paper entitled “The trade-off between the economic and environmental footprints of multinationals’ foreign affiliates”, the authors trace the CO₂ emissions and value added generated along the global supply chains of multinationals and quantify the trade-offs between their economic benefits and environmental impacts. They found that value added and ownership are concentrated in developed countries, while CO₂ emissions are mostly released in developing countries.

The article also provides comparisons between the economic-environmental performance of multinationals and domestic-owned companies. In this respect, it finds that foreign affiliates in OECD countries show higher CO₂ intensities and carbon leakages than the domestic firms in the same countries.

We strongly encourage you to read this great article on a very interesting topic. We hope you like it!

Link: https://doi.org/10.1016/j.strueco.2022.05.005