气候变化领域集成服务门户(CCPortal): Beggar thy neighbor? On the competitiveness and welfare impacts of the EU's proposed carbon border adjustment mechanism

CCPortal

DOI	10.1016/j.enpol.2022.112802
	Beggar thy neighbor? On the competitiveness and welfare impacts of the EU's proposed carbon border adjustment mechanism
	Zhong J.; Pei J.
发表日期	2022
ISSN	0301-4215
卷号	162
英文摘要	Curbing climate change is gaining increasing consensus globally. While many countries seek to set carbon prices, significant price dispersion and policy stringency continue to raise concerns about competitiveness. To address this issue, the EU has proposed a carbon border adjustment mechanism (CBAM), which aims to level the playing field by levying a carbon price on EU imports. In this paper, we estimate the competitiveness and welfare impacts of the EU CBAM, based on a refined multi-regional IO approach. We quantify changes in the value of exports to the EU market upon CBAM implementation for both EU members and non-EU economies. It is found that the EU CBAM will lead to a redistribution of competitiveness among countries and regions. Specifically, it is estimated that EU output would increase by 0.38 per cent while output in rest of the world decreases by 0.1 per cent in the short run, when CBAM is set at $US100/tCO2e. The burden is unevenly distributed among regions, with China, Russia and India bearing the most. Moreover, a deeper sub-national-level analysis on China shows that, given its pervasive domestic production network, income losses in landlocked provinces exceed their export losses, contrasting with the pattern for trade-exposed provinces. © 2022 Elsevier Ltd
英文关键词	Carbon leakage; Climate policy; Competitiveness; EU CBAM; Input-output approach
语种	英语
scopus关键词	Carbon; Climate change; Costs; International trade; A-carbon; Adjustment mechanisms; Carbon leakage; Carbon price; Climate policy; EU carbon border adjustment mechanism; Input-output approach; Price dispersion; Price policy; Welfare impacts; Competition; climate change; competitiveness; energy policy; environmental policy; European Union; input-output analysis; price dynamics; welfare impact; China; India; Russian Federation
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256340
作者单位	Martin Luther University, Halle-Wittenberg, Germany; School of Applied Economics, Renmin University of China, 59 Zhongguancun Street, Beijing, 100872, China
推荐引用方式 GB/T 7714	Zhong J.,Pei J.. Beggar thy neighbor? On the competitiveness and welfare impacts of the EU's proposed carbon border adjustment mechanism[J],2022,162.
APA	Zhong J.,&Pei J..(2022).Beggar thy neighbor? On the competitiveness and welfare impacts of the EU's proposed carbon border adjustment mechanism.Energy Policy,162.
MLA	Zhong J.,et al."Beggar thy neighbor? On the competitiveness and welfare impacts of the EU's proposed carbon border adjustment mechanism".Energy Policy 162(2022).