Robust policies to mitigate carbon leakage

• 成果类型: Article
• 署名作者: Boehringer, Christoph; Rosendahl, Knut Einar; Storrosten, Halvor Briseid
• 署名单位: Carl von Ossietzky Universitat Oldenburg; Norwegian University of Life Sciences; Statistics Norway
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2017.03.006
• 发表日期: 2017
• 页码: 35-46
• 关键词: carbon leakage; Output-based rebating; Border carbon adjustment; Consumption tax

摘要

Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions without emission regulation. Previous studies suggest that emission pricing combined with border carbon adjustment is a second-best instrument, and more cost-effective than output-based rebating. We show that the combination of output-based rebating and a consumption tax for emission-intensive and trade-exposed goods can be equivalent with border carbon adjustment Moreover, it is welfare improving for a region that implements emission pricing along with output-based rebating to introduce such a consumption tax. The welfare gain is particularly large if output-based rebating is already implemented for a sector that is not much exposed to leakage, e.g., due to uncertainty about exposure or due to lobbying activities. Thus, supplementing output-based rebating with a consumption tax constitutes robust policies to mitigate carbon leakage. (C) 2017 Elsevier B.V. All rights reserved.