Measuring the Cost of the European Union’s Carbon Border Adjustment Mechanism on Moroccan Exports
Wissal Morchid,
Eduardo A. Haddad,
Luc Savard
Abstract:The ‘Fit for 55’ policy package was presented in the European Commission’s Green Deal framework, comprising a set of proposals to improve existing energy and climate legislation. Among its main proposals was a revision of the European Union’s Emission Trading System to expand its sectoral coverage. Anticipating the possible loss of competitiveness with carbon pricing within the EU—which may lead to ‘carbon leakage’—a carbon border adjustment mechanism (CBAM) was included in the package. This scheme takes the f… Show more
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