Flórez Mendoza, Javier; Reiter, Oliver; Stehrer, Robert - 2024
This paper employs a quantitative trade model to globally assess the implications of the EU carbon border adjustment … mechanism (CBAM) on trade flows, welfare, real wages and CO2 emissions. We quantify the general equilibrium effects on EU … a scenario including export rebates. For the EU, we find an increase in the terms of trade and, consequently, small …