Climate Change: A New European Union Approach Is Needed

Tullio Fanelli () and Alessandro Ortis ()
Additional contact information
Tullio Fanelli: ENEA, Italian National Agency for New Technology, Energy and Sustainable Economic Development
Alessandro Ortis: ENEA’s Scientific and Technical Committee

A chapter in Capitalism, Global Change and Sustainable Development, 2020, pp 141-147 from Springer

Abstract: Abstract The Emission Trading Scheme (ETS), on which the European Union (EU) targets to mitigate climate change are largely based, has proved to be inefficient, especially at counteracting the effects of global trade growth. In fact, although the replacement of European products with emerging Countries’ imports has led to an apparent decrease in EU’s emissions, it has, at the same time, brought about a substantial increase in global emissions, because of the lower efficiency and higher environmental impacts of most imported products. The risk is that the ETS, which was developed on a territorial basis, while unable to provide substantial benefits to the environment, proves to be an additional factor for CO2 increases, and the loss of competitiveness of EU’s industry, that is exposed to international environmental dumping. The strategy for Europe to set their irrefutable environmental targets, while protecting their manufacturing industry, must be mainly based on a system of emission tracking and specific labelling that acknowledges the higher environmental quality of the European products, thus enabling consumers to choose the most eco-friendly ones. Furthermore, a privileged taxation could replace the ETS system. It must be a non-discriminatory, non-protectionist taxation, that simply offsets the economic advantage of environmentally impacting products over eco-friendly ones.

Keywords: Environmental; Countries; Global; Goods; Services; Tax (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-46143-0_9

Ordering information: This item can be ordered from
http://www.springer.com/9783030461430

DOI: 10.1007/978-3-030-46143-0_9

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().