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Why Europe is Not Carbon Competitive. Bruegel policy brief 2007/05, November 2007

Delgado, Juan. (2007) Why Europe is Not Carbon Competitive. Bruegel policy brief 2007/05, November 2007. [Policy Paper]

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    Abstract

    Summary. 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 Europe’s competitiveness in a world regulated by carbon pricing schemes such as the EU’s Emissions Trading Scheme – even if other blocs apply them as the EU does. Furthermore, in the absence of fair and undistorting carbon pricing schemes worldwide, there is a real risk that business will resort to regulatory arbitrage which will entail a shift in where emissions take place – but no reduction in global emissions. In any case, the issue of which economies are ‘carbon competitive’ will gradually become a much bigger part of the global trade conversation.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > competition policy
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Jun 2008
    Page Range: p. 8
    Last Modified: 15 Feb 2011 17:53
    URI: http://aei.pitt.edu/id/eprint/8322

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