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Border adjustment mechanisms : Elements for economic, legal, and political analysis

Author

Listed:
  • Julien Bueb

    (Centre d’analyse, de prévision et de stratégie (CAPS))

  • Lilian Richieri Hanania

    (Centre for Studies on Society and Technology (CEST))

  • Alice Leclezio

    (Centre de recherches internationales)

Abstract

This paper examines, from a multidisciplinary perspective, plausible hypotheses for implementation of border carbon adjustment mechanisms, seen as a complement to strong environmental regulation. It highlights economic, legal, and political difficulties raised by border carbon adjustments. After thoroughly reviewing their economic practicability, it analyses these mechanisms from an International Trade Law perspective, particularly vis-à-vis the General Agreement on Tariffs and Trade, sustainable development, and the principle of shared but differentiated responsibilities. It concludes with an assessment of policy-related implications of such mechanisms and outlines, in particular, how border carbon adjustments may be used as an engine of economic and energy transition, for developed and developing countries equally.

Suggested Citation

  • Julien Bueb & Lilian Richieri Hanania & Alice Leclezio, 2016. "Border adjustment mechanisms : Elements for economic, legal, and political analysis," Sciences Po publications 2016/20, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/1gt6nhe6vs8pbb86oi81bt6838
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    References listed on IDEAS

    as
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    Keywords

    environmental regulation; border carbon adjustment; international trade law; General Agreement on Tariffs and Trade; sustainable development; political economy;
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