4,096
Views
9
CrossRef citations to date
0
Altmetric
Research Article

Impacts of the CBAM on EU trade partners: consequences for developing countries

, &
Pages 243-259 | Received 05 May 2022, Accepted 03 Apr 2023, Published online: 13 Apr 2023

References

  • Aldasoro, I., & Angeloni, I. (2015). Input–output-based measures of systemic importance. Quantitative Finance, 15(4), 589–606. https://doi.org/10.1080/14697688.2014.968194
  • Ameli, N., Dessens, O., Winning, M., Cronin, J., Chenet, H., Drummond, P., Calzadilla, A., Anandarajah, G., & Grubb, M. (2021). Higher cost of finance exacerbates a climate investment trap in developing economies. Nature Communications, 12(1), 1–12. https://doi.org/10.1038/s41467-021-24305-3
  • Antràs, P., Chor, D., Fally, T., & Hillberry, R. (2012). Measuring the upstreamness of production and trade flows. American Economic Review, 102(3), 412–416. https://doi.org/10.1257/aer.102.3.412
  • Åhman, M., Nilsson, L. J., & Johansson, B. (2017). Global climate policy and deep decarbonization of energy-intensive industries. Climate Policy, 17(5), 634–649. https://doi.org/10.1080/14693062.2016.1167009
  • Bao, Q., Tang, L., Zhang, Z., & Wang, S. (2013). Impacts of border carbon adjustments on China’s sectoral emissions: Simulations with a dynamic computable general equilibrium model. China Economic Review, 24, 77–94. https://doi.org/10.1016/j.chieco.2012.11.002
  • Bastidas, D., & McIsaac, F. (2019). Reaching Brazil’s nationally determined contributions: An assessment of the key transitions in final demand and employment. Energy Policy, 135, 110983. https://doi.org/10.1016/j.enpol.2019.110983
  • Bednar-Friedl, B., Schinko, T., & Steininger, K. W. (2012). The relevance of process emissions for carbon leakage: A comparison of unilateral climate policy options with and without border carbon adjustment. Energy Economics, 34, S168–S180. https://doi.org/10.1016/j.eneco.2012.08.038
  • Böhringer, C., Bye, B., Fæhn, T., & Rosendahl, K. E. (2012). Alternative designs for tariffs on embodied carbon: A global cost-effectiveness analysis. Energy Economics, 34, S143–S153. https://doi.org/10.1016/j.eneco.2012.08.020
  • Böhringer, C., Fischer, C., Rosendahl, K. E., & Rutherford, T. F. (2022). Potential impacts and challenges of border carbon adjustments. Nature Climate Change, 1–8.
  • Brandi, C. (2021). Priorities for a development-friendly eu carbon border adjustment (CBAM). Technical report, Briefing Paper.
  • Branger, F., & Quirion, P. (2014a). Climate policy and the ‘carbon haven’ effect. Climate Change, 5(1), 53–71.
  • Branger, F., & Quirion, P. (2014b). Would border carbon adjustments prevent carbon leakage and heavy industry competitiveness losses? Insights from a metaanalysis of recent economic studies. Ecological Economics, 99, 29–39. https://doi.org/10.1016/j.ecolecon.2013.12.010
  • Cabernard, L., & Pfister, S. (2021). A highly resolved mrio database for analyzing environmental footprints and green economy progress. Science of The Total Environment, 755(1), 142587. https://doi.org/10.1016/j.scitotenv.2020.142587
  • Cahen-Fourot, L., Campiglio, E., Godin, A., Kemp-Benedict, E., & Trsek, S. (2021). Capital stranding cascades: The impact of decarbonisation on productive asset utilisation. Energy Economics, 103, 105581. https://doi.org/10.1016/j.eneco.2021.105581
  • Chen, W., & Guo, Q. (2017). Assessing the effect of carbon tariffs on international trade and emission reduction of China’s industrial products under the background of global climate governance. Sustainability, 9(6), 1028. https://doi.org/10.3390/su9061028
  • Chen, Z., Marin, G., Popp, D., & Vona, F. (2020). Green stimulus in a post-pandemic recovery: The role of skills for a resilient recovery. Environmental and Resource Economics, 76(4), 901–911. https://doi.org/10.1007/s10640-020-00464-7
  • Dhar, B. (2012). How vulnerable Is India’s trade to possible border carbon adjustments in the EU? Journal of World Trade, 46(Issue 2), 249–299. https://doi.org/10.54648/TRAD2012009
  • Dietzenbacher, E. (1997). In vindication of the Ghosh model: A reinterpretation as a price model. Journal of Regional Science, 37(4), 629–651. https://doi.org/10.1111/0022-4146.00073
  • Droege, S. (2011). Using border measures to address carbon flows. Climate Policy, 11(5), 1191–1201. https://doi.org/10.1080/14693062.2011.592671
  • Eicke, L., Weko, S., Apergi, M., & Marian, A. (2021). Pulling up the carbon ladder? Decarbonization, dependence, and third-country risks from the European carbon border adjustment mechanism. Energy Research & Social Science, 80, 102240. https://doi.org/10.1016/j.erss.2021.102240
  • Espagne, E., Godin, A., Magacho, G., Mantes, A., & Yilmaz, D. (2021). Developing countries’ macroeconomic exposure to the low-carbon transition. AFD Research Papers, (220):1–42.
  • EU-Commission. (2021). Impact assessment report accompanying the document proposal for a regulation of the European parliament and of the council establishing a carbon border adjustment mechanism. Staff Document SWD/2021/643 final.
  • Evans, S., Mehling, M. A., Ritz, R. A., & Sammon, P. (2021). Border carbon adjustments and industrial competitiveness in a European green deal. Climate Policy, 21(3), 307–317. https://doi.org/10.1080/14693062.2020.1856637
  • Fouré, J., Guimbard, H., & Monjon, S. (2016). Border carbon adjustment and trade retaliation: What would be the cost for the European union? Energy Economics, 54, 349–362. https://doi.org/10.1016/j.eneco.2015.11.021
  • Galbusera, L., & Giannopoulos, G. (2018). On input-output economic models in disaster impact assessment. International Journal of Disaster Risk Reduction, 30, 186–198. https://doi.org/10.1016/j.ijdrr.2018.04.030
  • Ghosh, M., Luo, D., Siddiqui, M. S., & Zhu, Y. (2012).Border tax adjustments in the climate policy context: CO2 versus broad-based GHG emission targeting. Energy Economics, 34, S154–S167. https://doi.org/10.1016/j.eneco.2012.09.005
  • Hebbink, G., Berkvens, L., Bun, M., van Kerkhoff, H., Koistinen, J., Schotten, G., Stokman, A., et al. (2018). The price of transition: An analysis of the economic implications of carbon taxing. Technical report, Netherlands Central Bank, Research Department.
  • Kuik, O., & Hofkes, M. (2010). Border adjustment for European emissions trading: Competitiveness and carbon leakage. Energy Policy, 38(4), 1741–1748. https://doi.org/10.1016/j.enpol.2009.11.048
  • Kuusi, T., Björklund, M., Kaitila, V., Kokko, K., Lehmus, M., Mechling, M., Oikarinen, T., Pohjola, J., Soimakallio, S., & Wang, M. (2020). Carbon Border Adjustment Mechanisms and Their Economic Impact on Finland and the EU.
  • Lenzen, M., Kanemoto, K., Moran, D., & Geschke, A. (2012). Mapping the structure of the world economy. Environmental Science & Technology, 46(15), 8374–8381. https://doi.org/10.1021/es300171x
  • Lenzen, M., Moran, D., Kanemoto, K., & Geschke, A. (2013). Building eora: A global multi-regional inputoutput database at high country and sector resolution. Economic Systems Research, 25(1), 20–49. https://doi.org/10.1080/09535314.2013.769938
  • Leontief, W. W. (1936). Quantitative input and output relations in the economic systems of the United States. The Review of Economics and Statistics, 18(3), 105–125. https://doi.org/10.2307/1927837
  • Lim, B., Hong, K., Yoon, J., Chang, J.-I., & Cheong, I. (2021). Pitfalls of the eu’s carbon border adjustment mechanism. Energies, 14(21), 7303. https://doi.org/10.3390/en14217303
  • Magacho, G., Espagne, E., Godin, A., Mantes, A., & Yilmaz, D. (2023). Macroeconomic exposure of developing economies to low-carbon transition. World Development, 167, 106231. https://doi.org/10.1016/j.worlddev.2023.106231
  • Mealy, P., & Teytelboym, A. (2020). Economic complexity and the green economy. Research Policy, 103948.
  • Monjon, S., & Quirion, P. (2011a). Addressing leakage in the eu ets: Border adjustment or output-based allocation? Ecological Economics, 70(11), 1957–1971. https://doi.org/10.1016/j.ecolecon.2011.04.020
  • Monjon, S., & Quirion, P. (2011b). A border adjustment for the eu ets: Reconciling wto rules and capacity to tackle carbon leakage. Climate Policy, 11(5), 1212–1225. https://doi.org/10.1080/14693062.2011.601907
  • Mörsdorf, G. (2022). A simple fix for carbon leakage? Assessing the environmental effectiveness of the EU carbon border adjustment. Energy Policy, 161, 112596. https://doi.org/10.1016/j.enpol.2021.112596
  • Oosterhaven, J. (1988). On the plausibility of the supply-driven input-output model. Journal of Regional Science, 28(2), 203–217. https://doi.org/10.1111/j.1467-9787.1988.tb01208.x
  • Piñero, P., Bruckner, M., Wieland, H., Pongrácz, E., & Giljum, S. (2019). The raw material basis of global value chains: allocating environmental responsibility based on value generation. Economic Systems Research, 31(2), 206–227.
  • Pató, Z., Mezősi, A., & Szabó, L. (2022). Is border carbon adjustment the right tool for the power sector? Climate Policy, 22(4), 502–513. https://doi.org/10.1080/14693062.2022.2043819
  • Perrier, Q., & Quirion, P. (2018). How shifting investment towards low-carbon sectors impacts employment: Three determinants under scrutiny. Energy Economics, 75, 464–483. https://doi.org/10.1016/j.eneco.2018.08.023
  • Schinko, T., Bednar-Friedl, B., Steininger, K. W., & Grossmann, W. D. (2014). Switching to carbon-free production processes: Implications for carbon leakage and border carbon adjustment. Energy Policy, 67, 818–831. https://doi.org/10.1016/j.enpol.2013.11.077
  • Stede, J., Pauliuk, S., Hardadi, G., & Neuhoff, K. (2021). Carbon pricing of basic materials: Incentives and risks for the value chain and consumers.
  • Tamiotti, L. (2011). The legal interface between carbon border measures and trade rules. Climate Policy, 11(5), 1202–1211. https://doi.org/10.1080/14693062.2011.592672
  • UN. (2003). UN COMTRADE. United Nations.
  • UNCTAD. (2021). A European Union Carbon Border Adjustment Mechanism: implications for developing countries.
  • Voituriez, T., & Wang, X. (2011). Getting the carbon price right through climate border measures: A Chinese perspective. Climate Policy, 11(5), 1257–1261. https://doi.org/10.1080/14693062.2011.601615
  • Zhang, Y. (2010). Supply-side structural effect on carbon emissions in China. Energy Economics, 32(1), 186–193. https://doi.org/10.1016/j.eneco.2009.09.016
  • Zhang, K., Liang, Q.-M., Liu, L.-J., Xue, M.-M., Yu, B.-Y., Wang, C., Han, R., Du, Y.-F., Yao, Y.-F., Chang, J.-J., Tan, J., Liao, H., & Wei, Y.-M. (2020). Impacts of mechanisms to promote participation in climate mitigation: Border carbon adjustments versus uniform tariff measures. Climate Change Economics, 11(3), 2041007.
  • Zhong, J., & Pei, J. (2022). Beggar thy neighbor? On the competitiveness and welfare impacts of the EU’s proposed carbon border adjustment mechanism. Energy Policy, 162, 112802. https://doi.org/10.1016/j.enpol.2022.112802

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.