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Border carbon adjustment and trade retaliation: What would be the cost for the European Union?

hal.structure.identifierCentre d'Etudes Prospectives et d'Informations Internationales [CEPII]
dc.contributor.authorFouré, Jean
hal.structure.identifierCentre d'Etudes Prospectives et d'Informations Internationales [CEPII]
dc.contributor.authorGuimbard, Houssein
hal.structure.identifierCentre d'Etudes Prospectives et d'Informations Internationales [CEPII]
hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorMonjon, Stéphanie
dc.date.accessioned2019-09-03T14:11:38Z
dc.date.available2019-09-03T14:11:38Z
dc.date.issued2016
dc.identifier.issn0140-9883
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/19655
dc.language.isoenen
dc.subjectEmission trading schemeen
dc.subjectBorder carbon adjustmenten
dc.subjectTrade retaliationen
dc.subjectD58en
dc.subjectF18en
dc.subjectQ56en
dc.subject.ddc337en
dc.subject.classificationjelD.D5.D58en
dc.subject.classificationjelF.F1.F18en
dc.subject.classificationjelQ.Q5.Q56en
dc.titleBorder carbon adjustment and trade retaliation: What would be the cost for the European Union?en
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenUnilateral climate policy, such as carbon pricing, represents an additional cost to the economy, especially to energy-intensive industrial sectors, as well as those exposed to international competition. A border carbon adjustment (BCA) is often presented as an attractive policy option for countries that wish to go ahead without waiting for a global climate agreement. We used the computable general equilibrium model MIRAGE to simulate the impact of the introduction of a BCA on imports of energy-intensive products in EU and EFTA countries and to evaluate the exports their main trade partners would lose. Given that a BCA is a trade measure, it might cause disputes at the World Trade Organization (WTO). If the BCA is considered illegal, the losses suffered by some partners may justify trade retaliations. At that point, it would be likely that prohibitive retaliatory tariffs target sensitive products in the EU, which are often related to the European agricultural sector. These trade measures would limit the drop in production in the energy-intensive and trade-exposed (EITE) sectors, but at the expense of the other sectors. Nevertheless, neither the BCA nor retaliation would have sizeable impacts on real income or GDP in the EU or on the retaliators, while leading to a small decrease in global emissions.en
dc.relation.isversionofjnlnameEnergy Economics
dc.relation.isversionofjnlvol54en
dc.relation.isversionofjnldate2016
dc.relation.isversionofjnlpages349-362en
dc.relation.isversionofdoi10.1016/j.eneco.2015.11.021en
dc.relation.isversionofjnlpublisherIPC Science and Technology Pressen
dc.subject.ddclabelEconomie internationaleen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewedouien
dc.relation.Isversionofjnlpeerreviewedouien
dc.date.updated2019-08-30T08:47:58Z
hal.faultCode{"duplicate-entry":{"hal-01291370":{"doi":"1.0"}}}
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hal.author.functionaut


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