If environmental footprint attributable to various consumption patterns are evaluated, monetary transactions in the environmentally-extended input-output analysis need to be linked to household-specific expenditures. However, while the former are recorded in basic prices, the latter is typically...

This paper provides a review of the literature on competitiveness and leakage concerns associated with differentiated climate abatement commitments among countries. The literature reviewed is not exhausted, but it is sufficient to provide a balanced view of both academics and policy circles....

This paper provides a review of the literature on competitiveness and leakage concerns associated with differentiated climate abatement commitments among countries. The literature reviewed is not exhausted, but it is sufficient to provide a balanced view of both academics and policy circles....

With Japan’s emphasis on domestic demand and the gradual expansion of interregional trade, indirect carbon dioxide (CO2) emissions have become an important factor limiting Japan’s realization of carbon neutrality in 2050. In this study, using regional trade data, input-output analysis was...

We conducted a systematic literature review employing the so-called the Preferred Reporting Items for Systematic Reviews and Meta-Analysis to present the latest economic research on border carbon adjustment (BCA). Specifically, we examined 97 relevant studies on BCA from 2004 to August 31, 2021,...

One reason carbon prices are difficult to implement is that they might imply high additional costs on poor and vulnerable households. In response, studies often highlight that recycling revenues through cash transfers can render carbon pricing reforms progressive. This neglects that existing...

While the EU-wide carbon price has already been adopted for the buildings and transport sectors with ETS°2, detailed analyses of the macroeconomic and distributional effects (both within and between countries) are scarce. We use the macroeconomic model ADAGIO to estimate the effects of EU-wide...

Nowadays, an important debate in the international economies is the problem of greenhouse gas emissions and climate change related. Discussions begin to gain the world with the signature of the Kyoto Protocol (1997), where an international agreement was reached to reduce global emissions....

Pricing carbon is a central concern in environmental economics, due to the importance of emissions trading schemes worldwide to regulate pollution. This paper documents the presence of small and large jumps in the stochastic process of the CO2 futures price. The large jumps have a discrete...

The COP27 (United Nations Climate Change Conference) in November 2022 once again highlighted the fact that countries are starting from different positions when it comes to emissions and climate policy. This Weekly Report classifies countries into representative profiles based on their past,...