In our new paper in The World Economy, we find that ban on energy imports from Russia could reduce CO2 emissions in EU by 6.6% in 2030 (relative to baseline); equivalent to 40 EUR per tCO2 carbon price. https://t.co/RtTXoCQ5ih
@hertel_thomas Dominique van der Mensbrugghe
@gerbenbroekema@voxeu A working paper version is freely available here https://t.co/UXwIuloiia The key point is the progressive income distribution even under country-specific mitigation action (without global redistribution of revenue).
@gerbenbroekema@voxeu In general, we find that the CBAM, under current proposal, would have a minor impact on incomes across countries, but could result in a notable restructuring of GVCs https://t.co/xDV6rKxSSc
@gerbenbroekema@voxeu@gerbenbroekema In our recent paper https://t.co/CIc8LB15aE, we show that CO2 pricing could result in progressive income distribution across households within countries/regions and at the global level.
@gerbenbroekema@voxeu@gerbenbroekema thank for the feedback. Under Reshoring Leading economies global CO2 emissions fall by 2.2%, under Reshoring All - by 3.5% and in GVC friendly case by 0.6%. Obviously carbon pricing would be more efficient and equitable way to cut emissions.
#GTAPPurdue Research Economist Maksym Chepeliev spoke before European Parliament and co-authored a World Bank report regarding the economic impact of the war in his native Ukraine. Read more about his insights at https://t.co/OSi0SxqpnV .
In the new @voxeu column we argue that "Globalisation, not localisation, is the key to post-pandemic prosperity" https://t.co/TV9rRobAi7
Maryla Maliszewska @osorioisrael Maria Filipa Seara e Pereira and Dominique van der Mensbrugghe