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climate policy addressing global externalities. The debate is particularly salient in Europe, where the EU Emissions … TradingSystem (EU ETS) covers emissions of many traded sectors. In a first step, we review how carbon leakage and the pollution … introduced by the EU ETS has caused carbon leakage in European manufacturing. We compute trade flows in embodied carbon and value …
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The Republic of Korea fully launched its green finance scheme in 2009 and then introduced the environmental information disclosure system and the emission trading scheme in 2013 and 2015, respectively. However, their use has not increased dramatically, as the public sector has taken the major...
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