de Melo, Jaime; Mathys, Nicole Andréa - C.E.P.R. Discussion Papers - 2012
magnitude of carbon leakage effects, likely to be induced by differences in climate mitigation policies, may be less than feared … in some circles. Trade policy, however, will play a role in implementing climate mitigation policies in two areas … initial mitigation would first take place unilaterally or in small groups, as under the early days of the GATT, is the most …