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Can Europe Plug Its Carbon Leaks with Tariffs?
Event Summary
On the path to achieving carbon neutrality, the European Union (EU) has recently adopted a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage from international trade. Visiting Scholar Stefan Ambec of the Toulouse School of Economics will review the challenges in the design of the EU’s CBAM and discuss its impact on competitiveness, trade, carbon pricing, carbon emissions, and well-being.
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Can Europe Plug Its Carbon Leaks with the CBAM?
Stefan Ambec
Stefan Ambec
INRAE Research Professor, Toulouse School of EconomicsStefan Ambec is INRAE Research Professor at Toulouse School of Economics where he leads the TSE Energy and Climate Center. Ambec is a 2023-2024 Kleinman Center Visiting Scholar.
Jesús Fernández-Villaverde
Howard Marks Presidential Professor of EconomicsJesús Fernández-Villaverde is the Howard Marks Presidential Professor of Economics in the Department of Economics at the University of Pennsylvania. He serves as director of the Penn Initiative for the Study of the Markets at Penn.