Optimal environmental border adjustments under the General Agreement on Tariffs and Trade
| Autor: | Balistreri, Edward J., Kaffine, Daniel T., Yonezawa, Hidemichi |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
ECOTAXES + ENVIRONMENTAL TAXES
Internationales Umweltrecht 020209 energy 02 engineering and technology KLIMAPOLITIK (UMWELTPOLITIK) CLIMATE POLICY (ENVIRONMENTAL POLICY) ÖKOSTEUERN + UMWELTSTEUERN 0502 economics and business 0202 electrical engineering electronic engineering information engineering ddc:330 trade and carbon taxes 050207 economics F13 carbon leakage F18 Q54 border tax adjustments 05 social sciences Ökosteuer climate policy Q56 Natural resources energy and environment ddc:333.7 Umweltpolitik WTO-Recht |
| Popis: | A country's optimal environmental border policy includes a strategic component that is inconsistent with commitments under the General Agreement on Tariffs and Trade (GATT). We extend the theory to include GATT compliance. Theory supports optimal border adjustments on carbon content that are below the domestic carbon price, because price signals sent through border adjustments encourage consumption of emissions intensive goods in unregulated regions. The theory is supported in our applied numeric simulations. Countries imposing border adjustments at the domestic carbon price will be extracting rents from unregulated regions at the expense of efficient environmental policy and consistency with international trade law. |
| Databáze: | OpenAIRE |
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