Key issues for the coming trade and climate debate

dc.contributor.authorDELBEKE, Jos
dc.contributor.authorDOMBROWICKI, Piotr Mikolaj
dc.contributor.authorVIS, Peter
dc.date.accessioned2021-06-04T11:35:09Z
dc.date.available2021-06-04T11:35:09Z
dc.date.issued2021
dc.description.abstractEurope’s intended proposal for a Carbon Border Adjustment Mechanism (CBAM) is imminent. It is also controversial. Making this work in a way that is WTO compatible is challenging, particularly if industry in Europe wishes to retain some free allocation under the EU’s Emissions Trading System. This Policy Brief describes some of these challenges, and also takes a closer look at imports of electricity and cement – where they are from and what are their carbon intensities? What would be the costs that a CBAM would impose on these imports, and how do these compare with free allocation to European producers as a method for preventing carbon leakage? The results suggest that the protection that a CBAM might offer against carbon leakage would be limited, while the lost value of free allocation for EU producers may be high. Could reform of free allocation be a substitute for CBAM and stimulate investment in break-through technologies? More extensive consultation with WTO member countries will be necessary on the basis of the legal proposal that the European Commission makes.en
dc.format.mimetypeapplication/pdfen
dc.identifier.doi10.2870/163281
dc.identifier.isbn9789294660145
dc.identifier.issn2600-271X
dc.identifier.urihttps://hdl.handle.net/1814/71572
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherEuropean University Instituteen
dc.relation.ispartofseriesSTG Policy Briefsen
dc.relation.ispartofseries2021/12en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subject.otherCoFoEen
dc.subject.otherClimateen
dc.titleKey issues for the coming trade and climate debateen
dc.typeOtheren
dspace.entity.typePublication
eui.subscribe.skiptrue
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person.identifier.orcid0000-0001-5694-2054
person.identifier.orcid0000-0003-3701-3270
person.identifier.other43845
person.identifier.other45439
person.identifier.other45033
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relation.isAuthorOfPublication.latestForDiscovery663dc583-d51c-429c-ad72-87f86014f651
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