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DOI10.1016/j.enpol.2022.113245
Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries
Perdana, Sigit; Vielle, Marc
发表日期2022
ISSN0301-4215
EISSN1873-6777
卷号170页码:13
英文摘要Implementation of CBAM to support EU climate neutrality by 2050 has raised several concerns. As the mechanism aims to minimise leakage through equal fairness in global mitigation, imposing carbon tariffs on the EU's imports of energy-intensive goods could curtail the export of EU trading partners. This might be detrimental, especially to the LDCs, due to their high exposures and vulnerability risks. This paper assesses and quantifies the implication of EU-CBAM and analyses eight complementary measures to mitigate the impacts on LDCs. Scenario developments are constructed by projecting the EU's new climate targets relative to the reference scenario of the EU's current policies. A more stringent climate target results in carbon leakage, and implementing CBAM will reduce the rate by one-third by 2040. The analysis also confirms significant welfare loss for LDCs through declining exports. Exempting LDCs from EU CBAM is less justifiable, as this measure results in greater leakage than other options. A further assessment confirms that policy recommendation for CBAM complementary measures should focus on the climate transformation pathway for LDCs. EU CBAM implementation with revenue-redistribution targeted to promote clean and efficient use of energy in LDCs has improved the welfare of recipient countries, substantially reduced leakage, and proven cost-efficient for the EU.
英文关键词Carbon Border Adjustment Mechanism; Climate finance; Computable general equilibrium model; International competitiveness; Developing countries
学科领域Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种英语
WOS研究方向Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号WOS:000892114600008
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/272027
作者单位Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne
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GB/T 7714
Perdana, Sigit,Vielle, Marc. Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries[J],2022,170:13.
APA Perdana, Sigit,&Vielle, Marc.(2022).Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries.ENERGY POLICY,170,13.
MLA Perdana, Sigit,et al."Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries".ENERGY POLICY 170(2022):13.
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