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
Professor of EconomicsJesús Fernández-Villaverde is a professor of economics and research associate for the National Bureau of Economic Research (NBER) and Penn’s Population Studies Center, and a Research Affiliate for the Centre for Economic Policy Research.