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Possible Implications of the European Carbon Border Adjustment Mechanism for Ukraine and Other EU Trading Partners

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  • Maksym Chepeliev

    (Purdue University, USA)

Abstract

This paper provides a quantitative assessment of the European Carbon Border Adjustment Mechanism (CBAM) implementation. We find limited impacts of the CBAM for most European Union (EU) trading partners. Ukraine is the most impacted country, with a per capita income change of -0.4% and reductions in domestic iron and steel production reaching 3.9%. Global exports of chemical products are impacted the most, with corresponding reductions exceeding 4% in some countries.

Suggested Citation

  • Maksym Chepeliev, 2021. "Possible Implications of the European Carbon Border Adjustment Mechanism for Ukraine and Other EU Trading Partners," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 2(1), pages 1-6.
    • Handle: RePEc:ayb:jrnerl:3
    DOI: 2021/06/16
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    References listed on IDEAS

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    1. Mr. Jiaqian Chen & Maksym Chepeliev & Mr. Daniel Garcia-Macia & Ms. Dora M Iakova & Mr. James Roaf & Ms. Anna Shabunina & Dominique van der Mensbrugghe & Mr. Philippe Wingender, 2020. "EU Climate Mitigation Policy," IMF Departmental Papers / Policy Papers 2020/013, International Monetary Fund.
    2. Peters, Glen P., 2008. "From production-based to consumption-based national emission inventories," Ecological Economics, Elsevier, vol. 65(1), pages 13-23, March.
    3. Angel Aguiar & Maksym Chepeliev & Erwin L. Corong & Robert McDougall & Dominique van der Mensbrugghe, 2019. "The GTAP Data Base: Version 10," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 4(1), pages 1-27, June.
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    Cited by:

    1. Linda Hancock & Linda Wollersheim, 2021. "EU Carbon Diplomacy: Assessing Hydrogen Security and Policy Impact in Australia and Germany," Energies, MDPI, vol. 14(23), pages 1-27, December.

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    More about this item

    Keywords

    Energy Economics; border carbon adjustment mechanism; european union; ukraine;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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