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After the Paris Climate Agreement, it is anticipated that carbon prices will differ across regions for some time. If countries use free allowance allocation as carbon leakage protection, only a fraction of carbon prices are passed through to consumers particularly by carbon intensive materials...
Persistent link: https://www.econbiz.de/10011456759
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Since the third phase of the European Emission Trading system, sectors that are classified as carbon leakage risky receive all allowances for free up to a specific benchmark. In contrast, sectors that are not classified as being at risk, face an increasing share of allowances that are needed to...
Persistent link: https://www.econbiz.de/10013220162
The EU is considering implementing a Carbon Border Adjustment Mechanism. To inform the policy decision, we assess eight energy-intensive trade-exposed sectors in depth to distill what their characteristics imply for the shape of an ideal mechanism. The results highlight the difficulty of finding...
Persistent link: https://www.econbiz.de/10013234853
As the European carbon border adjustment (CBA) mechanism is high up on the European Commission's agenda and soon to be implemented, it is important to understand the economic and environmental implications of alternative designs of such a mechanism. To this end and with a view to informing the...
Persistent link: https://www.econbiz.de/10013274299
restore competitiveness, avoid carbon leakage, and reduce world carbon emissions. We analyze the effects of carbon tariffs on … massively shifted from these countries to industrialized countries and world carbon emissions decrease by 0.83 percent, with a … percent of the change on average, two thirds of the world reduction are due to the world scale effect …
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With countries from around the world set to meet in Copenhagen to try to hammer out a post-2012 climate change …
Persistent link: https://www.econbiz.de/10014200216
unfavorable to unilateral carbon taxes. We show that this logic breaks down in a world with trade and migration where economic …
Persistent link: https://www.econbiz.de/10013462726
With the United States’ reentry to the Paris Agreement, there is now consensus among the world's largest carbon …
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