The European Union fulfills its emissions reductions commitments by means of an emissions trading scheme covering some part of each member state's economy and by national emissions control in the rest of their economies. The member states also levy energy/emissions taxes overlapping with the...

The increase in global trade has contributed to the integration of domestic economies worldwide into a single global economy. Despite the welfare benefits from global trade, concerns remain regarding the impact of trade on the environment, particularly on global environmental threats like...

Am 14. Juli 2021 hat die EU-Kommission den CO2-Grenzausgleichsmechanismus (Carbon Border Adjustment Mechanism, CBAM) als Teil ihres klimapolitischen Fit-for-55-Pakets vorgestellt. Die EU-Kommission hatte dieses handelspolitische Instrument 2019 im Rahmen des Green Deals angekündigt, um...

The rise of prosumers - individuals who both produce and consume energy - presents a significant opportunity to reshape energy markets and achieve carbon neutrality. However, current energy trading models struggle to effectively track emissions and incentivize sustainable consumption behaviors....

A unilateral tax on CO2 emissions may drive up indirect carbon imports from non-committed countries, leading to carbon leakage. Using a gravity model of carbon trade, we analyze the effect of the Kyoto Protocol on the carbon content of bilateral trade. We construct a novel data set of CO2...