The EU has a transformative mechanism to reduce carbon leakage, but challenges loom ahead

Suresh Kumar, Ram Smaran (2024) The EU has a transformative mechanism to reduce carbon leakage, but challenges loom ahead. LSE Business Review (11 Nov 2024). Blog Entry.

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Abstract

When companies face steep carbon prices in a country, they often move production to places with lower or no pricing. To address this problem, the European Union created the Carbon Border Adjustment Mechanism. But, for developing countries, the mechanism imposes trade barriers that could stifle their growth and green transition. Ram Smaran Suresh Kumar breaks down the policy’s key features, examining its challenges and opportunities for a sustainable future.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2024 The Author(s)
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	19 Dec 2024 15:03
Last Modified:	19 Dec 2024 15:03
URI:	http://eprints.lse.ac.uk/id/eprint/126444

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