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Coordinating climate and trade policies: Pareto efficiency and the role of border tax adjustments

机译:协调气候和贸易政策:帕累托效率和边境税调整的作用

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摘要

This paper explores the role of trade instruments in globally efficient climate policies, focusing on whether or not some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. The analysis shows that, while there is no case for BTA when all instruments can be freely deployed, Pareto-efficiency does require a form of BTA when carbon taxes in some countries are constrained: its purpose then is to partly counteract the impact on emissions of inappropriate carbon pricing there, or, equivalently, to undo the trade distortions such pricing creates. The required form of BTA is generally complex, but a special case is identified in which it optimally has the simple structure envisaged in practical policy discussions. It is also shown that the efficiency case for BTA depends critically on whether climate policies are pursued by carbon taxation or by cap-and-trade.
机译:本文探讨了贸易手段在全球有效的气候政策中的作用,着眼于当碳价在国际上有所不同时是否需要某种形式的边境税调整(BTA)。分析表明,虽然没有BTA可以自由部署所有工具的情况,但当某些国家的碳税受到限制时,帕累托效率的确需要一种BTA形式:其目的是部分抵消对碳排放量的影响。那里不适当的碳定价,或者等效地消除了这种定价造成的贸易扭曲。 BTA所需的形式通常很复杂,但要确定一种特殊情况,在这种情况下,BTA最好具有实际政策讨论中设想的简单结构。还表明,BTA的效率案例在很大程度上取决于是否通过碳税或总量管制与贸易来实施气候政策。

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