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Quirion, Philippe; Rozenberg, Julie; Sassi, Olivier; Vogt-Schilb, Adrien. |
Most CO2 abatement policies reduce the demand for fossil fuels and therefore their price in international markets. If these policies are not global, this price decrease raises emissions in countries without CO2 abatement policies, generating “carbon leakage”. On the other hand, if the countries which abate CO2 emissions are net fossil fuel importers, they benefit from this price decrease, which reduces the abatement cost. In contrast, CO2 capture and storage (CCS) does not reduce fossil fuel demand, therefore it generates neither this type of leakage nor this negative feedback on abatement costs. We quantify these effects with the global hybrid general equilibrium model Imaclim-R and show that they are quantitatively important. Indeed, for a given... |
Tipo: Working or Discussion Paper |
Palavras-chave: CO2 Capture and Storage; Carbon Leakage; Environmental Economics and Policy; Q5; Q58. |
Ano: 2011 |
URL: http://purl.umn.edu/101293 |
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Monjon, Stephanie; Quirion, Philippe. |
Border adjustments are currently discussed to limit the possible adverse impact of climate policies on competitiveness and carbon leakage. We discuss the main choices that will have to be made if the European Union implements such a system alongside with the EU ETS. Although more analysis is required on some issues, on others some design options seem clearly preferable to others. First, the import adjustment should be a requirement to surrender allowances rather than a tax. Second, the general rule to determine the amount of allowances per ton imported should be the product-specific benchmarks that the European Commission is currently elaborating for a different purpose (i.e. to determine the amount of free allowances). Third, this obligation should apply... |
Tipo: Working or Discussion Paper |
Palavras-chave: Carbon Leakage; Border Adjustment; Border Tax Adjustment; EU ETS; Competitiveness; Environmental Economics and Policy; Q38. |
Ano: 2010 |
URL: http://purl.umn.edu/60684 |
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