Alternative carbon border adjustment mechanisms in the European Union and international responses: Aggregate and within-coalition results

Francesco Clora, Wusheng Yu and Erwin Corong

Energy Policy, 2023, vol. 174, issue C

Abstract: The European Union (EU) recently declared its intention to implement a carbon border adjustment mechanism (CBAM) to address carbon leakage and competitiveness concerns associated with elevated climate ambitions in its Green Deal. Current literature points to uncertainties regarding the CBAM’s effectiveness and compatibility with international trade rules. This study numerically evaluates how alternative EU CBAM designs under various international reactions affect global and regional GHG emissions, outputs and trade flows.

Keywords: Carbon leakage; Carbon border adjustment; Computable general equilibrium model; European Union (search for similar items in EconPapers)
JEL-codes: C68 F13 F18 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:174:y:2023:i:c:s0301421523000393

DOI: 10.1016/j.enpol.2023.113454

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