Currently, there are a number of environmental issues that are of global concern, such as global warming, acid rain and ozone layer depletion. The resulting damages are not necessarily confined to only the country where the pollutants are emitted. Hence, multiregional and multilateral...

We discuss emerging proposals for border tax adjustments (BTAs) to accompany commitments to reduce carbon emissions in the EU, the US and other OECD economies. The rationale offered for such border adjustment is that various entities, such as the EU, if making commitments to reduce emissions...

We explore conditions determining which anti-leakage policies might be more effective complements to regulation of domestic greenhouse gas emissions. We consider four policies that could be combined with unilateral emissions pricing to counter effects on international competitiveness: a border...