TY  - BOOK
AU  - Flórez Mendoza,Javier
AU  - Reiter,Oliver
AU  - Stehrer,Robert
TI  - Impacts of the EU carbon border adjustment mechanism
T2  - wiiw Policy Notes and Reports
PY  - 2024///
CY  - Wien
PB  - Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
KW  - New Quantitative Trade Model
KW  - Carbon Border Adjustment Mechanism (CBAM)
KW  - trade policy welfare
KW  - CO2 emissions
KW  - non specific
N2  - 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

UR  - https://wiiw.ac.at/p-7075.html
ER  -