Global Impact of the Carbon Border Adjustment Mechanism – A Quantitative Assessment
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| Published in: | Journal of Globalization and Development vol. 16, no. 1 (2025), p. 29-54 |
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| Main Author: | |
| Other Authors: | , |
| Published: |
Walter de Gruyter GmbH
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| Online Access: | Citation/Abstract Full Text - PDF |
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| 022 | |a 1948-1837 | ||
| 024 | 7 | |a 10.1515/jgd-2023-0098 |2 doi | |
| 035 | |a 3288519880 | ||
| 045 | 2 | |b d20250101 |b d20250630 | |
| 084 | |a 224231 |2 nlm | ||
| 100 | 1 | |a He Xiaobei |u National School of Development , Peking University , Beijing , China | |
| 245 | 1 | |a Global Impact of the Carbon Border Adjustment Mechanism – A Quantitative Assessment | |
| 260 | |b Walter de Gruyter GmbH |c 2025 | ||
| 513 | |a Journal Article | ||
| 520 | 3 | |a While the European Union’s Carbon Border Adjustment Mechanism (CBAM) has a global impact by design, the scale of its “spillover effects” on other countries is seldom studied. This paper contributes to academic and policy discussions by using a recursive dynamic CGE model to assess quantitatively the impact of the CBAM on other countries, especially developing countries, and identify countries most vulnerable to its spillover effects. The simulation results suggest the CBAM widens the gap between developed and developing countries in terms of GDP and welfare. Thus, it may worsen the unequal income and welfare distributions between rich and poor economies and curb the capacity of low-income countries to decarbonize their economies. To ensure the low-carbon transition of advanced economies does not negatively or unfairly impact developing countries, international organizations should play a key role in identifying and addressing the cross-border spillover effects of climate policies, especially on the balances of payments and growth trajectories of vulnerable countries. | |
| 653 | |a Climate policy | ||
| 653 | |a Payments | ||
| 653 | |a Developing countries--LDCs | ||
| 653 | |a International organizations | ||
| 653 | |a Recursion | ||
| 653 | |a Adjustment | ||
| 653 | |a Simulation | ||
| 653 | |a Spillover effect | ||
| 653 | |a Vulnerability | ||
| 653 | |a Climate effects | ||
| 653 | |a Carbon | ||
| 653 | |a Low income areas | ||
| 653 | |a Borders | ||
| 653 | |a Welfare | ||
| 653 | |a Low income groups | ||
| 653 | |a Economic | ||
| 700 | 1 | |a Zhai Fan |u ASEAN+3 Macroeconomic Research Office , Singapore , Singapore | |
| 700 | 1 | |a Ma, Jun |u Beijing Institute for Finance and Sustainability , Beijing , China | |
| 773 | 0 | |t Journal of Globalization and Development |g vol. 16, no. 1 (2025), p. 29-54 | |
| 786 | 0 | |d ProQuest |t ABI/INFORM Global | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/3288519880/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text - PDF |u https://www.proquest.com/docview/3288519880/fulltextPDF/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |