气候变化领域集成服务门户(CCPortal): Border carbon adjustments and industrial competitiveness in a European Green Deal

CCPortal

DOI	10.1080/14693062.2020.1856637
	Border carbon adjustments and industrial competitiveness in a European Green Deal
	Evans S.; Mehling M.A.; Ritz R.A.; Sammon P.
发表日期	2021
ISSN	1469-3062
起始页码	1257
结束页码	1273
卷号	21 期号:3
英文摘要	As part of the European Green Deal, the EU is considering the introduction of a Border Carbon Adjustment (BCA) on imports as an alternative to free allocation of emission allowances to reduce the risk of carbon leakage under the EU’s Emissions Trading System (EU ETS). While a BCA for exports is not categorically excluded, it is less likely to be consistent with World Trade Organisation rules and therefore less likely to be proposed than an import-only BCA. In this paper, we show that replacing free allocation by an import-only BCA would weaken the competitiveness of EU producers in foreign markets. Free allocation also helps support the cost competitiveness of domestic products that are exported to non-EU markets. Therefore, a move to import-only BCAs does not necessarily make redundant the continued use of free allocation to help safeguard overall industrial competitiveness. While combining an import BCA with free allocation for exports can increase the risk of legal challenges, such risks may be reduced with an appropriate design. More broadly, policymakers need to navigate a complex trade-off between competitiveness support, a stronger carbon price signal, and extra fiscal revenue. Key policy insights A BCA on imports levels the playing field in domestic EU markets but does not provide competitiveness support to exports Therefore, a move to an import-only BCAs does not obviate the need for free allocation to safeguard overall industrial competitiveness While combining an import-only BCA with free allocation for exports increases the risk of legal challenges, such risks may be reduced with an appropriate design. © 2020 Informa UK Limited, trading as Taylor & Francis Group.
英文关键词	Border carbon adjustment; carbon pricing; competitiveness; free allocation; international trade
来源期刊	CLIMATE POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/183674
作者单位	Vivid Economics, London, United Kingdom; Grantham Research Institute on Climate Change and the Environment, London School of Economics, London, United Kingdom; Center for Energy and Environmental Policy Research (CEEPR), Massachusetts Institute of Technology, Cambridge, MA, United States; Energy Policy Research Group (EPRG), Judge Business School, Cambridge University, Cambridge, United Kingdom; Edelman Advisory, United Kingdom
推荐引用方式 GB/T 7714	Evans S.,Mehling M.A.,Ritz R.A.,et al. Border carbon adjustments and industrial competitiveness in a European Green Deal[J],2021,21(3).
APA	Evans S.,Mehling M.A.,Ritz R.A.,&Sammon P..(2021).Border carbon adjustments and industrial competitiveness in a European Green Deal.CLIMATE POLICY,21(3).
MLA	Evans S.,et al."Border carbon adjustments and industrial competitiveness in a European Green Deal".CLIMATE POLICY 21.3(2021).