Research on the Impact of the EU's Carbon Border Adjustment Mechanism: Based on the GTAP Model

Article Economics

A simple fix for carbon leakage? Assessing the environmental effectiveness of the EU carbon border adjustment

George Moersdorf

Summary: The proposed carbon border adjustment mechanism by the European Commission aims to reduce carbon leakage and generate substantial revenues. The study suggests that expanding the adjustment scope and providing export rebates can further enhance the effectiveness, but the legal and political risks need to be considered.

ENERGY POLICY (2022)

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Article Economics

Global actions under the Paris agreement: Tracing the carbon leakage flow and pursuing countermeasures

Libo Wu et al.

Summary: This study demonstrates that carbon leakage is possible when some countries implement emission reduction policies while others do not. The European Union, Asian developed countries, and China have achieved emission reductions through reducing emissions in domestic production and consumption, while India, Russia, and other countries are the primary contributors to carbon leakage. However, current measures are not able to completely eliminate the issue of carbon leakage.

ENERGY ECONOMICS (2022)

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Article Economics

Beggar thy neighbor? On the competitiveness and welfare impacts of the EU's proposed carbon border adjustment mechanism

Jiarui Zhong et al.

Summary: This paper estimates the competitiveness and welfare impacts of the EU carbon border adjustment mechanism (CBAM) using a refined multi-regional IO approach. The study finds that the implementation of CBAM will lead to a redistribution of competitiveness among countries and regions, with China, Russia, and India bearing the most burden.

ENERGY POLICY (2022)

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Article Economics

EU’s Carbon Border Adjustment Mechanism: Will It Achieve Its Objective(s)?

Sakuya (Yoshida) Sato

JOURNAL OF WORLD TRADE (2022)

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Article Green & Sustainable Science & Technology

Analysis of China's energy efficiency and influencing factors under carbon peaking and carbon neutrality goals

Yongli Zhang

Summary: This study investigates the factors influencing China's energy efficiency, considering energy consumption and environmental factors. The research finds that energy efficiency exhibits spatial correlation and agglomeration characteristics, with energy consumption structure being the main influencing factor. Regions with abundant energy resources bear the environmental cost of energy consumption. Additionally, research and development (R&D) investment only affects local energy efficiency, whereas foreign direct investment (FDI) has a negative impact on energy efficiency.

JOURNAL OF CLEANER PRODUCTION (2022)

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Article Economics

Know your opponent: Which countries might fight the European carbon border adjustment mechanism?

Indra Overland et al.

Summary: The European Union plans to activate a carbon border adjustment mechanism (CBAM) in 2023 to ensure fair competition and reduce carbon leakage. This paper creates a multidimensional CBAM Opposition Index and identifies Iran, Ukraine, and the USA as countries most likely to strongly oppose CBAM. The index can help policymakers anticipate the stances of other countries and understand their drivers.

ENERGY POLICY (2022)

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Article Economics

Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries

Sigit Perdana et al.

Summary: Implementation of CBAM in the EU to support climate neutrality by 2050 raises concerns about its potential negative impacts on the exports of developing countries. However, this study finds that implementing CBAM can reduce carbon leakage and implementing complementary measures such as revenue redistribution can improve the welfare of recipient countries.

ENERGY POLICY (2022)

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Article Energy & Fuels

Pitfalls of the EU's Carbon Border Adjustment Mechanism

Byeongho Lim et al.

Summary: The EU's plan for the Carbon Border Adjustment Mechanism has raised concerns about legal issues and trade disputes, with the international community viewing it as a trade barrier. Despite its aim to combat climate change, the CBAM scheme is considered too costly for the world economy.

ENERGIES (2021)

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Article International Relations