Abstract
This paper provides a quantitative assessment of the European Carbon Border Adjustment Mechanism (CBAM) implementation. We find limited impacts of the CBAM for most European Union (EU) trading partners. Ukraine is the most impacted country, with a per capita income change of -0.4% and reductions in domestic iron and steel production reaching 3.9%. Global exports of chemical products are impacted the most, with corresponding reductions exceeding 4% in some countries.
Keywords
border carbon adjustment mechanism, european union, ukraine
Date of this Version
4-7-2021
Recommended Citation
Chepeliev, Maksym, "Possible Implications of the European Carbon Border Adjustment Mechanism for Ukraine and Other EU Trading Partners" (2021). Department of Agricultural Economics Faculty Publications. Paper 81.
https://docs.lib.purdue.edu/agedocs/81
Comments
This is the publisher PDF of Chepeliev, M. (2021). Possible Implications of the European Carbon Border Adjustment Mechanism for Ukraine and Other EU Trading Partners. Energy RESEARCH LETTERS, 2(1). Published CC-BY-SA, the version of record and ADA Title II compliant version is available in HTML at DOI: 10.46557/001c.21527.