GTAP Resources: Resource Display
| GTAP Resource #7178 |
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"The European Green Deal: understanding the relevance of domestic climate policy details, CBAM’s embedded emissions and exporters’ carbon price rebates" by Clora, Francesco, Erwin Corong and Wusheng Yu Abstract The European Union is rolling out its European Green Deal plan by implementing an array of domestic policies (EU ETS, EU ETS2, EU ESR, etc.). These are complemented by trade-related policies, such as the highly-discussed Carbon Border Adjustment Mechanism (CBAM), which effectively imposes a carbon prices on emissions embedded in imported energy-intensive trade-exposed products. In this paper, we characterize in detail in a CGE model EU's domestic climate policies. We then simulate and compare alternative policy measures to mitigate the competitiveness impacts and to increase the emission effectiveness of EU climate policy. We compare exemptions from paying the EU ETS carbon price for the EITE sectors with alternative CBAM designs, based on different emission coverages (scope1 vs scope1&2) and on whether the domestic carbon price paid by non-EU exporting firms is rebated. This study will shed light on potential impacts of these alternative policies on production, trade flows and GHG emissions. The analysis will focus on the EU vis-à-vis its major trade partners, and on global implications of these alternative measures. |
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- Climate change policy - Trade and the environment - Model extension/development - European Union |
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Public Access  Paper (71.5 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
