01849nam a22003257u 4500 pwiiw7075 OSt 20260516120037.0 241120t2024 au ||||| |||| 00| ||eng d OSt eng F11 F13 F14 F18 Q56 jelc Flórez Mendoza, Javier Impacts of the EU carbon border adjustment mechanism Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2024. 17 S., 5 Figures, 30cm. wiiw Policy Notes and Reports 86 We summarise the results of our study employing a quantitative trade model to assess the implications of the EU carbon border adjustment mechanism (CBAM) on trade flows, welfare, real wages and CO2 emissions. Specifically, the general equilibrium effects of the introduction of a tariff on carbon-intensive products on European Union (EU) and European Free Trade Association (EFTA) members and non-members are assessed. For the EU, we find an increase in the terms of trade and consequently small positive welfare effects, whereas there are tiny negative effects on real wages. Non-EU countries face a decline in the terms of trade and a small welfare loss as well as marginally declining real wages. Global CO2 emissions are marginally reduced, although they minimally increase in the EU due to specialisation effects. New Quantitative Trade Model Carbon Border Adjustment Mechanism (CBAM) trade policy welfare CO2 emissions non specific International Trade, Competitiveness and FDI Reiter, Oliver Stehrer, Robert 5 86 WIIW0000092 wiiw Policy Notes and Reports https://wiiw.ac.at/p-7075.html P 9119 9119 0 0 0 0 BIB BIB 1 2024-11-20 pwiiw7075 0 86 1000010007075 2024-11-20 00:00:00 2025-04-07 P