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URL:
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http://ub-madoc.bib.uni-mannheim.de/2168
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URN:
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urn:nbn:de:bsz:180-madoc-21685
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Document Type:
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Working paper
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Year of publication:
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2008
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Publication language:
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English
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Institution:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC publication series:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Subject:
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330 Economics
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Classification:
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JEL:
Q48 H23 F18 D58 ,
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Subject headings (SWD):
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Europäische Union , Klimaschutz , Umweltpolitik , Internationaler Wettbewerb , Clean Development Mechanism , Umweltzertifikathandel
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Individual keywords (German):
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Wirtschaftspolitische Wirkungsanalyse , Makroökonomischer Einfluss , Industrieverlagerung
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Keywords (English):
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Emissions Trading , EU ETS , Competitiveness , Border tax adjustments , Clean Development Mechanism , CGE model
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Abstract:
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Ambitious unilateral EU environmental policy has raised concerns about adverse competitiveness implications for European energy-intensive and export-oriented sectors. We analyze the economic and environmental implications of two different measures to address these concerns in the EU Emission Trading Scheme (EU ETS): border tax adjustments (BTA) and the Clean Development Mechanism (CDM). Numerical simulations with a computable general equilibrium model of the global economy demonstrate that alternative BTA regimes are suitable to alleviate adverse competiveness implications of unilateral European climate policy on energy-intensive and export-oriented industries. The regulatory protection of these industries via subsidies for EU exporters and tariffs for non-EU importers goes, however, at the expense of sectors which are excluded from the EU ETS. We show that the choice of alternative benchmarks (i.e. carbon intensities) for the level of BTA substantially affects these competitiveness implications. The simulations further indicate that limited access to low-cost emission abatement via the CDM in the EU ETS alleviates adverse competitiveness impacts to a comparable extent as the most ambitious BTA scheme. Increasing “where-flexibility” of emission abatement thus represents an attractive market-based alternative to the application of border tax adjustments in unilateral climate policy.
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Additional information:
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[Working paper]
![[img]](https://madoc.bib.uni-mannheim.de/style/images/fileicons/application_pdf.png)
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