The European Union's CBAM as a de facto Climate Club: The Governance Challenges
نویسندگان
چکیده
The European Commission has announced far-reaching reforms to accelerate the reduction of greenhouse gas emissions. Among proposals constituting Green Deal is adoption a Carbon Border Adjustment Mechanism (CBAM) prevent carbon leakage. In practice, however, CBAM will not only act as shield for Emissions Trading System (ETS) but also incentivize other countries implement compatible pricing schemes. We argue that EU's thus de facto features climate club, current and debate do address how club would be governed. While literature focuses on legal economic aspects design, there little about governance challenges it entails. identify two major challenges. put pressure trade partners introduce and/or bring into line with price EU ETS allowances. However, future availability allowances determined within EU. Secondly, method calculating embedded left discretion Commission. policymakers need acknowledge follow from setting up addressing them involves trade-off between maintaining control over direction ambition policy CBAM's legitimacy.
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ژورنال
عنوان ژورنال: Frontiers in climate
سال: 2022
ISSN: ['2624-9553']
DOI: https://doi.org/10.3389/fclim.2022.942583