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Climate Change and the Global Trading System: On the Advantages of a Carbon Tariff - Softcover

 
9789290798675: Climate Change and the Global Trading System: On the Advantages of a Carbon Tariff

Synopsis

The European Union has been a pioneer in climate change policies, especially through its ""cap and trade"" emissions trading system (the ETS) for reducing greenhouse gas emissions by 20 percent by the year 2020. This book analyzes the economic consequences of supplementing the ETS with an import tax on the CO2 content of all goods imported into the EU.

The authors find that a CO2 border tax or import tariff would increase global welfare and that it can probably be made to be WTO-compatible. Moreover, given the increasing ability to measure a product's carbon footprint, there are no insurmountable, practical obstacles to introducing such a tariff. Such a tariff might not be appropriate, however, if developing countries live up to their obligations of differentiated responsibilities and capabilities spelled out under the United Nations Framework Convention on Climate Change. Whether this will be the case is not yet clear.

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About the Author

Christian Egenhofer is a senior research fellow at CEPS and head of the Energy and Climate Change research unit. Daniel Gros is director of CEPS and head of the Economic and Social Welfare research unit. Selen Guerin Sarisoy is a research fellow at CEPS and head of the Trade Policy research unit.

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Egenhofer, Christian; Gros, Daniel; Sarisoy, Selen G.
ISBN 10: 929079867X ISBN 13: 9789290798675
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Gros, Daniel and Christian Egenhofer:
ISBN 10: 929079867X ISBN 13: 9789290798675
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Seller: Buchhandlung Gerhard Höcher, Wien, AT, Austria

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Condition: Gut. 112 Seiten, Guter Zustand - leichte Gebrauchsspuren. "The European Union has been a pioneer in climate change policies, especially through its "cap and trade" emissions trading system (the ETS) for reducing greenhouse gas emissions by 20 percent by the year 2020. This book analyzes the economic consequences of supplementing the ETS with an import tax on the CO2 content of all goods imported into the EU. The authors find that a CO2 border tax or import tariff would increase global welfare and that it can probably be made to be WTO-compatible. Moreover, given the increasing ability to measure a product's carbon footprint, there are no insurmountable, practical obstacles to introducing such a tariff. Such a tariff might not be appropriate, however, if developing countries live up to their obligations of differentiated responsibilities and capabilities spelled out under the United Nations Framework Convention on Climate Change. Whether this will be the case is not yet clear. The European Union has been a pioneer in climate change policies, especially through its "cap and trade" emissions trading system (the ETS) for reducing greenhouse gas emissions by 20% by the year 2020. This book analyzes the economic consequences of supplementing the ETS with an import tax on the CO2 content of all goods imported into the EU."(Detailangaben zum Buch - Climate Change and the Global Trading System: On the Advantages of a Carbon Tariff: Taxing Carbon At The Border?). Sprache: Englisch Gewicht in Gramm: 262 illustrierter OKarton / Paperback / Softcover, 24 x 17 cm. Seller Inventory # 48671

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