The role of border carbon adjustment in unilateral climate policy: Overview of an Energy Modeling Forum study (EMF 29)

被引:197
|
作者
Boehringer, Christoph [1 ,2 ]
Balistreri, Edward J. [4 ]
Rutherford, Thomas F. [3 ]
机构
[1] Carl von Ossietzky Univ Oldenburg, Dept Econ, D-26111 Oldenburg, Germany
[2] Carl von Ossietzky Univ Oldenburg, Ctr Transnatl Studies, D-26111 Oldenburg, Germany
[3] Univ Wisconsin, Dept Econ, Madison, WI 53706 USA
[4] Colorado Sch Mines, Div Econ & Business, Golden, CO 80401 USA
关键词
Unilateral climate policy; Carbon leakage; Border carbon adjustment; GENERAL EQUILIBRIUM; LEAKAGE; EFFICIENCY; EMISSIONS; TARIFFS;
D O I
10.1016/j.eneco.2012.10.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
Issues of emission leakage and competitiveness are at the fore of the climate policy debate in all the major economies implementing or proposing to implement substantial emission cap-and-trade programs. Unilateral climate policy cannot directly impose emission prices on foreign sources, but it can complement domestic emission pricing with border carbon adjustment to reduce leakage and increase global cost-effectiveness. While border carbon adjustment has a theoretical efficiency rationale, its practical implementation is subject to serious caveats. This article summarizes the results of an Energy Modeling Forum study (EMF 29) on the efficiency and distributional impacts of border carbon adjustment. We find that border carbon adjustment can effectively reduce leakage and ameliorate adverse impacts on energy-intensive and trade-exposed industries of unilaterally abating countries. However, the scope for global cost savings is small. The main effect of border carbon adjustment is to shift the economic burden of emission reduction to non-abating countries through implicit changes in international prices. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:S97 / S110
页数:14
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