1. A European carbon border tax: much pain, little gain
- Author:
- Ben McWilliams and Georg Zachmann
- Publication Date:
- 03-2020
- Content Type:
- Policy Brief
- Institution:
- Bruegel
- Abstract:
- The European Commission should not make the implementation of a carbon border adjustment mechanism into a must-have element of its climate policy. There is little in the way of strong empirical evidence that would justify a carbon-adjustment measure. Moreover, significant logistical, legal and political challenges will arise during the design. The EU should instead focus upon the implementation of measures to trigger the development of a competitive low-carbon industry in Europe.
- Topic:
- Climate Change, Energy Policy, European Union, Trade Policy, and Carbon Tax
- Political Geography:
- Europe