Regional Trade Agreements, Emissions Bubbles, and Carbon Tariff Harmonization

Yazid Dissou and Muhammad Shahid Siddiqui

The Energy Journal, 2013, vol. 34, issue 2, 59-90

Abstract: In the context of sub-global participation in greenhouse gas mitigation efforts, this paper investigates the effectiveness of a Canada-U.S. emissions bubble under their existing regional trade agreement. It also explores the potential economic impact of carbon tariff harmonization through the implementation of a common Canada-U.S. external border tariff adjustment as a mean to address competitiveness issues. Using a multi-region, multi-sector computable general equilibrium model, the paper finds that the creation of an emission bubble between the two countries could improve efficiency. The findings also suggest that a carbon tariff harmonization policy could give rise to distributional issues among Annex I regions and could fail to mitigate the negative competitiveness impacts of carbon abatement policies. http://dx.doi.org/10.5547/01956574.34.2.3

Keywords: Climate change; Emission trading; Competitiveness; Border tariff adjustment; CGE modeling (search for similar items in EconPapers)
Date: 2013
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Journal Article: Regional Trade Agreements, Emissions Bubbles, and Carbon Tariff Harmonization (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:34:y:2013:i:2:p:59-90

DOI: 10.5547/01956574.34.2.3

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