GTAP Events: Center Seminar Series
"Global Carbon Flows Embedded in Traded Goods: Estimates, Significance and Implications for Policy Including Border Adjustments"by Michael Grubb
This seminar will summarise a large body of work carried out to analyse the flow of carbon embodied in internationally traded goods; the trade impact of carbon pricing in the EU Emissions Trading Scheme; and the combined policy implications. Drawing mainly on GTAP data, the analysis of embodied carbon flows points to a surprisingly large wedge between production and consumption accounting: embodied carbon imports to OECD countries amount to around 20% of their ‘production’ emissions, with a corresponding deficit from developing countries. Differences between EU and US import intensity, and China versus commodity producers, are outlined. The seminar will then discuss carbon leakage and its sectoral focus, and estimates the extent to which carbon prices in the EU ETS might drive particular production abroad. The seminar concludes by considering the economic and legal dimensions of measures for tackling carbon leakage, comparing and contrasting the two main options of free allocation, vs proposals for “border levelling”. Bio note: Michael Grubb was formerly Head of Energy and Environment at the Royal Institute of International Affairs, and then Professor of Climate Change and Energy Policy at Imperial College, London, before becoming Chief Economist at the UK Carbon Trust, a position he left last year to resume academic studies at Cambridge. He is also Editor-in-Chief of the journal Climate Policy.
Date/Time: 10/13/2010 02:00 PM - 03:30 PM
Location: KRAN 661
Last Modified: 4/10/2018 2:05:52 PM
