The EU Commission has recently proposed a new directive establishing a framework for greenhouse gas (GHG) emissions … that the EU will meet its Kyoto target level of an 8% GHG reduction. Our main question is whether the final choice of …

EU has decided to reduce its GHG emissions by 20% relative to 1990 until the year 2020. These reductions will even rise … competitiveness as a priority area for EU policy and there is some concern about the competitiveness effects of EU climate policy. We … use the multi-sector, multi-region computable general equilibrium model DART to assess the impacts of the recent EU …