Border Tax Adjustments for Energy Intensive Goods: A Proposal for an Energy Tax - Case Study of Iron and Steel Imports from the Russian Federation
Article from: OGEL 4 (2015), in Taxation
Abstract
Climate change policies, applied regionally to globally trading industries, are incentivizing these to relocate to regions with laxer climate policies. This results in an overall diminished effect of climate policies and also has economic repercussions for the countries implementing strict climate policies. A number of approaches to prevent the phenomenon of carbon leakage have been suggested, but most of these would run afoul with international trade law which is designed to remove barriers to trade, restricting the introduction of tariffs and taxes. The majority of previous ...