The EU advocates minimising potentially significant competitiveness losses in energy-intensive industries as a politically feasible approach to climate policy. This book analyses industry-distributional effects of European climate policy and evaluates different policy designs tailored to neutralise detrimental impacts of ambitious climate actions on competitiveness of domestic energy-intensive branches. The numerical analysis shows that alternative policy designs may considerably differ in terms of macroeconomic implications. Unilateral policies, i.e. inter-sectoral carbon price differentiation strategies and different forms of border adjustments, have the potential to neutralise adverse implications on competitiveness of energy-intensive industries in Europe. But these measures can induce significant economic inefficiencies. The gradual movement towards a global carbon regime represents a superior alternative to unilateral measures. It allows realising a cost-efficient and globally effective climate policy while limiting negative impacts on competitiveness of domestic industries.
|Number of Pages||228|
|Book Type||Political science & theory|
|Country of Manufacture||India|
|Product Brand||Südwestdeutscher Verlag für Hochschulschriften|
|Product Packaging Info||Box|
|In The Box||1 Piece|
|Product First Available On ClickOnCare.com||2015-08-14 00:00:00|