000			01849nam a22003257u 4500
001			pwiiw7075
003			OSt
005			20260518120036.0
008			241120t2024 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aF11 _aF13 _aF14 _aF18 _aQ56 _2jelc
100	1		_aFlórez Mendoza, Javier
245	1	0	_aImpacts of the EU carbon border adjustment mechanism
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2024.
300			_a17 S., _b5 Figures, _c30cm.
490	1		_awiiw Policy Notes and Reports _v86
520			_aWe 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.
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	_v86 _wWIIW0000092 _twiiw Policy Notes and Reports
856	4	0	_uhttps://wiiw.ac.at/p-7075.html
942			_cP
999			_c9119 _d9119