A European carbon border tax- much pain, little gain
Ben McWilliams and
Georg Zachmann ()
Policy Contributions from Bruegel
The European Green Deal has set a target of reducing European Union carbon emissions by about 40 per cent over the next ten years. Reaching this target is likely to involve a significant increase in carbon prices. Theoretically, higher carbon prices can lead to carbon leakage, or the relocation of industrial activity and its accompanying emissions out of economies with high carbon prices and into economies with low carbon prices....
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Persistent link: https://EconPapers.repec.org/RePEc:bre:polcon:35218
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