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Box A: The European Union's Carbon Border Adjustment Mechanism: levelling the EU carbon playing field

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  • Dumitru, Alexandra

Abstract

On July 14, the European Commission presented 13 policy measures designed to put the EU on track to meet its ambitious greenhouse gas (GHG) emission reduction targets of 55 per cent in 2030 compared with 1990 levels. The most contentious proposal from an international standpoint is the Carbon Border Adjustment Mechanism (CBAM), which aims to create a level playing field between European Union (EU) producers subject to EU carbon pricing and their non-EU counterparts.

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  • Dumitru, Alexandra, 2021. "Box A: The European Union's Carbon Border Adjustment Mechanism: levelling the EU carbon playing field," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 4, pages 11-12.
    • Handle: RePEc:nsr:niesra:i:4:y:2021:p:11-12
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    File URL: https://www.niesr.ac.uk/wp-content/uploads/2021/11/UK-Economic-Outlook-Autumn-2021.pdf
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    References listed on IDEAS

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    1. François Bourguignon & Amedeo Spadaro, 2006. "Microsimulation as a tool for evaluating redistribution policies," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 4(1), pages 77-106, April.
    2. Edouard Challe, 2020. "Uninsured Unemployment Risk and Optimal Monetary Policy in a Zero-Liquidity Economy," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(2), pages 241-283, April.
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