Why Europe is not carbon competitive
Contrary to what is generally pictured, this policy brief shows that when considering the export mix, Europe is more vulnerable to carbon pricing schemes than other countries and regions. Europe specialises more than its main global competitors in industries with relatively high carbon emissions, such as minerals and chemicals, rather than in high-tech industries and services . This would have a real effect on Europeâ??s competitiveness in a world regulated by carbon pricing schemes such as the EUâ??s Emissions Trading Scheme Â? even if other blocs apply them as the EU does.
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- Nadim Ahmad & Andrew Wyckoff, 2003. "Carbon Dioxide Emissions Embodied in International Trade of Goods," OECD Science, Technology and Industry Working Papers 2003/15, OECD Publishing.
- Ursel Baumann & Filippo di Mauro, 2007. "Globalisation and euro area trade: Interactions and challenges," Occasional Paper Series 55, European Central Bank.
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