A European carbon border tax- much pain, little gain

Ben McWilliams and Georg Zachmann ()

Policy Contributions from Bruegel

Abstract: 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....

Date: 2020-03
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Persistent link: https://EconPapers.repec.org/RePEc:bre:polcon:35218

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