The efficiency cost of protective measures in climate policy:
Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic emission p...
Gespeichert in:
| Hauptverfasser: | , , , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Oldenburg
Department of Economics, University of Oldenburg
August 2016
|
| Schriftenreihe: | Oldenburg discussion papers in economics
V-392-16 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic emission pricing that may put them at a competitive disadvantage with respect to producers of similar goods in other countries without or only quite lenient emission regulation. This paper focuses on climate policy analysis for the United States of America (US) and compares the economic implications of four alternative protective measures for US EITE industries: (i) output-based rebates, (ii) exemptions from emission pricing, (iii) energy intensity standards, and (iv) carbon intensity standards. Based on simulations with a large-scale computable general equilibrium model for the global economy we quantify how these protective measures affect competitiveness of US EITE industries. We find that while protective measures can attenuate adverse competitiveness impacts measured in terms of common sector-specific competitiveness indicators, they run the risk of making US emission reduction much more costly than uniform emission pricing stand-alone. In fact, the cost increase is associated with negative income effects such that the gains of protective measures for EITE exports may be more than compensated through losses in domestic EITE demand. |
| Beschreibung: | 1 Online-Ressource (21 Seiten) |
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| 520 | 1 | |a Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic emission pricing that may put them at a competitive disadvantage with respect to producers of similar goods in other countries without or only quite lenient emission regulation. This paper focuses on climate policy analysis for the United States of America (US) and compares the economic implications of four alternative protective measures for US EITE industries: (i) output-based rebates, (ii) exemptions from emission pricing, (iii) energy intensity standards, and (iv) carbon intensity standards. Based on simulations with a large-scale computable general equilibrium model for the global economy we quantify how these protective measures affect competitiveness of US EITE industries. We find that while protective measures can attenuate adverse competitiveness impacts measured in terms of common sector-specific competitiveness indicators, they run the risk of making US emission reduction much more costly than uniform emission pricing stand-alone. In fact, the cost increase is associated with negative income effects such that the gains of protective measures for EITE exports may be more than compensated through losses in domestic EITE demand. | |
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| id | DE-604.BV044026624 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:41:33Z |
| institution | BVB |
| language | English |
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| spelling | Böhringer, Christoph Verfasser (DE-588)171345169 aut The efficiency cost of protective measures in climate policy Christoph Böhringer, Xaquin Garcia-Muros, Ignacio Cazcarro, Iñaki Arto Oldenburg Department of Economics, University of Oldenburg August 2016 1 Online-Ressource (21 Seiten) txt rdacontent c rdamedia cr rdacarrier Oldenburg discussion papers in economics V-392-16 Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic emission pricing that may put them at a competitive disadvantage with respect to producers of similar goods in other countries without or only quite lenient emission regulation. This paper focuses on climate policy analysis for the United States of America (US) and compares the economic implications of four alternative protective measures for US EITE industries: (i) output-based rebates, (ii) exemptions from emission pricing, (iii) energy intensity standards, and (iv) carbon intensity standards. Based on simulations with a large-scale computable general equilibrium model for the global economy we quantify how these protective measures affect competitiveness of US EITE industries. We find that while protective measures can attenuate adverse competitiveness impacts measured in terms of common sector-specific competitiveness indicators, they run the risk of making US emission reduction much more costly than uniform emission pricing stand-alone. In fact, the cost increase is associated with negative income effects such that the gains of protective measures for EITE exports may be more than compensated through losses in domestic EITE demand. Garcia-Muros, Xaquin Verfasser aut Cazcarro, Ignacio Verfasser aut Arto, Iñaki Verfasser (DE-588)1046292897 aut Oldenburg discussion papers in economics V-392-16 (DE-604)BV039810434 392 http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-392-16.pdf Verlag kostenfrei Volltext |
| spellingShingle | Böhringer, Christoph Garcia-Muros, Xaquin Cazcarro, Ignacio Arto, Iñaki The efficiency cost of protective measures in climate policy Oldenburg discussion papers in economics |
| title | The efficiency cost of protective measures in climate policy |
| title_auth | The efficiency cost of protective measures in climate policy |
| title_exact_search | The efficiency cost of protective measures in climate policy |
| title_full | The efficiency cost of protective measures in climate policy Christoph Böhringer, Xaquin Garcia-Muros, Ignacio Cazcarro, Iñaki Arto |
| title_fullStr | The efficiency cost of protective measures in climate policy Christoph Böhringer, Xaquin Garcia-Muros, Ignacio Cazcarro, Iñaki Arto |
| title_full_unstemmed | The efficiency cost of protective measures in climate policy Christoph Böhringer, Xaquin Garcia-Muros, Ignacio Cazcarro, Iñaki Arto |
| title_short | The efficiency cost of protective measures in climate policy |
| title_sort | the efficiency cost of protective measures in climate policy |
| url | http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-392-16.pdf |
| volume_link | (DE-604)BV039810434 |
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