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The EU is considering implementing a Carbon Border Adjustment Mechanism. To inform the policy decision, we assess eight energy-intensive trade-exposed sectors in depth to distill what their characteristics imply for the shape of an ideal mechanism. The results highlight the difficulty of finding...
Persistent link: https://www.econbiz.de/10013234853
This brief aims to highlight some of the difficulties involved in elaborating a working border carbon adjustment (BCA) regime. It demonstrates both the tensions between the various possible BCA objectives and the necessarily imperfect options that are available for bridging the tension between...
Persistent link: https://www.econbiz.de/10013099216
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For Canadian policy makers, the relatively straightforward economics of a border carbon adjustment (BCA) is complicated in practice by four challenges. First, Canadian carbon-pricing regimes have been developed from the bottom up, being primarily designed at the provincial rather than the...
Persistent link: https://www.econbiz.de/10013291568
As part of the European Green Deal (EGD), the European Commission is currently elaborating a legislative proposal for a Carbon Border Adjustment Mechanism (CBAM) to prevent greenhouse gas emissions leakage and level the playing field between European and foreign emitters. This report brings...
Persistent link: https://www.econbiz.de/10014093209