Carbon leakage in a small open economy: The importance of international climate policies

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Standard

Carbon leakage in a small open economy : The importance of international climate policies. / Beck, Ulrik R.; Kruse-Andersen, Peter K.; Stewart, Louis B.

In: Energy Economics, Vol. 117, 106447, 01.2023.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Beck, UR, Kruse-Andersen, PK & Stewart, LB 2023, 'Carbon leakage in a small open economy: The importance of international climate policies', Energy Economics, vol. 117, 106447. https://doi.org/10.1016/j.eneco.2022.106447

APA

Beck, U. R., Kruse-Andersen, P. K., & Stewart, L. B. (2023). Carbon leakage in a small open economy: The importance of international climate policies. Energy Economics, 117, [106447]. https://doi.org/10.1016/j.eneco.2022.106447

Vancouver

Beck UR, Kruse-Andersen PK, Stewart LB. Carbon leakage in a small open economy: The importance of international climate policies. Energy Economics. 2023 Jan;117. 106447. https://doi.org/10.1016/j.eneco.2022.106447

Author

Beck, Ulrik R. ; Kruse-Andersen, Peter K. ; Stewart, Louis B. / Carbon leakage in a small open economy : The importance of international climate policies. In: Energy Economics. 2023 ; Vol. 117.

Bibtex

@article{baad1bd1e8a046b4a30198431383d292,
title = "Carbon leakage in a small open economy: The importance of international climate policies",
abstract = "A substantial literature investigates carbon leakage effects for large countries and climate coalitions. However,little is known about leakage effects for a small open economy within a climate coalition. To fill this gap inthe literature, we incorporate international climate policies relevant for a small open EU economy into thegeneral equilibrium model GTAP-E. We focus our analysis on Denmark, but we show that our framework canbe applied to any EU economy. We find substantial leakage associated with an economy-wide CO2e tax. Thisresult is strongly affected by EU climate policies. We also present sector-specific leakage rates and find largesectoral differences.",
author = "Beck, {Ulrik R.} and Kruse-Andersen, {Peter K.} and Stewart, {Louis B.}",
year = "2023",
month = jan,
doi = "10.1016/j.eneco.2022.106447",
language = "English",
volume = "117",
journal = "Energy Economics",
issn = "0140-9883",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Carbon leakage in a small open economy

T2 - The importance of international climate policies

AU - Beck, Ulrik R.

AU - Kruse-Andersen, Peter K.

AU - Stewart, Louis B.

PY - 2023/1

Y1 - 2023/1

N2 - A substantial literature investigates carbon leakage effects for large countries and climate coalitions. However,little is known about leakage effects for a small open economy within a climate coalition. To fill this gap inthe literature, we incorporate international climate policies relevant for a small open EU economy into thegeneral equilibrium model GTAP-E. We focus our analysis on Denmark, but we show that our framework canbe applied to any EU economy. We find substantial leakage associated with an economy-wide CO2e tax. Thisresult is strongly affected by EU climate policies. We also present sector-specific leakage rates and find largesectoral differences.

AB - A substantial literature investigates carbon leakage effects for large countries and climate coalitions. However,little is known about leakage effects for a small open economy within a climate coalition. To fill this gap inthe literature, we incorporate international climate policies relevant for a small open EU economy into thegeneral equilibrium model GTAP-E. We focus our analysis on Denmark, but we show that our framework canbe applied to any EU economy. We find substantial leakage associated with an economy-wide CO2e tax. Thisresult is strongly affected by EU climate policies. We also present sector-specific leakage rates and find largesectoral differences.

U2 - 10.1016/j.eneco.2022.106447

DO - 10.1016/j.eneco.2022.106447

M3 - Journal article

VL - 117

JO - Energy Economics

JF - Energy Economics

SN - 0140-9883

M1 - 106447

ER -

ID: 327772839