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Auswirkungen eines CO2-Grenzausgleichs auf nachgelagerte Industrien
[Effects of a CO2 Border Adjustment on Downstream Industries]

Author

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  • André Wolf

    (cep | Centrum für Europäische Politik)

Abstract

This article analyses the cost implications of an EU Carbon Border Adjustment Mechanism (CBAM) for downstream industries in Germany. The restriction to a few basic industries as envisaged in the EU Commission’s proposal is expected to lead to only a slight increase in input costs for downstream manufacturers. This also holds if the CO2 intensities occurring in the countries of origin are used to determine the level of the border adjustment. One reason for this, apart from the restriction to a few basic materials and to direct emissions, is the small share of imports from third countries. To strengthen the steering effect of a CBAM, the inclusion of emissions at upstream production levels therefore seems manageable, to the extent that they apply to intermediate inputs that are also subject to the EU-ETS. In the long term, a CBAM should not be thought of as an end in itself, but as one of several steps towards an international climate club.

Suggested Citation

  • André Wolf, 2022. "Auswirkungen eines CO2-Grenzausgleichs auf nachgelagerte Industrien [Effects of a CO2 Border Adjustment on Downstream Industries]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(9), pages 731-734, September.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:9:d:10.1007_s10273-022-3274-5
    DOI: 10.1007/s10273-022-3274-5
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    References listed on IDEAS

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    1. Kolev, Galina V. & Kube, Roland & Schaefer, Thilo & Stolle, Leon, 2021. "Carbon Border Adjustment Mechanism (CBAM): Motivation, Ausgestaltung und wirtschaftliche Implikationen eines CO2-Grenzausgleichs in der EU," IW policy papers 6/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    2. Cludius, Johanna & de Bruyn, Sander & Schumacher, Katja & Vergeer, Robert, 2020. "Ex-post investigation of cost pass-through in the EU ETS - an analysis for six industry sectors," Energy Economics, Elsevier, vol. 91(C).
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    Cited by:

    1. Dmitry A. Karkh & Elena L. Andreeva & Artem V. Ratner, 2023. "Effect of carbon regulations on the financial technological development: Russian and European companies’ adaptation strategies," Upravlenets, Ural State University of Economics, vol. 14(3), pages 86-99, July.

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    More about this item

    Keywords

    F13; F15; Q58;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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