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001			pwiiw7073
003			OSt
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008			241119t2024 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aF11 _aF13 _aF14 _aF18 _aQ56 _2jelc
100	1		_aFlórez Mendoza, Javier
245	1	0	_aEU carbon border tax: General equilibrium effects on income and emissions
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2024.
300			_a85 S., _b11 Table and 36 Figures, _c30cm.
490	1		_awiiw Working Papers _v254
520			_aThis paper employs a quantitative trade model to globally assess the implications of the EU carbon border adjustment mechanism (CBAM) on trade flows, welfare, real wages and CO2 emissions. We quantify the general equilibrium effects on EU members and non-members under various carbon tax prices, including a sector-level composition, and also compare the results to a scenario including export rebates. For the EU, we find an increase in the terms of trade and, consequently, small positive welfare effects, although 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, but they slightly increase in the EU due to specialisation effects.
650			_aNew quantitative trade model
650			_acarbon border adjustment mechanism (CBAM)
650			_atrade policy welfare
650			_aCO2 emissions
651			_anon specific
690			_aInternational Trade, Competitiveness and FDI
700	1		_aReiter, Oliver
700	1		_aStehrer, Robert _95
830		0	_v254 _w7703 _twiiw Working Papers
856	4	0	_uhttps://wiiw.ac.at/p-7073.html
942			_cP
999			_c9105 _d9105