Leveling the Carbon Playing Field: International Competition and US Climate Policy Design
As political momentum surrounding climate change builds in the US, policymakers are taking a fresh look at national climate policy and American involvement in multilateral climate negotiations. And as in years past, the potential economic impact of any US effort to reduce greenhouse gas emissions stands as a central question in the Washington policy debate. Of particular concern is the effect climate policy would have on carbon-intensive US manufacturing. Many of these industries are already under pressure from foreign competition, particularly large emerging economies like China, India, and Brazil that are not bound to reduce emissions under the current international climate framework. As the Congress takes up domestic climate legislation and the Administration reengages in multilateral climate negotiations, policymakers are looking for ways to avoid putting US industry at a competitive disadvantage vis-a-vis countries without similar climate policy, lest a decline in industrial emissions at home is simply replaced by increases in emissions abroad. - Publisher.
What people are saying - Write a review
We haven't found any reviews in the usual places.
allocation of emissions aluminum antidumping assessment Beijing border Cap and trade cap-and-trade system carbon costs carbon footprint carbon playing field carbon tax carbon tax system Carbon Trust carbon-intensive industries carbon-intensive manufacturing cement China Chinese climate change climate legislation climate negotiations climate policy CO2 emissions compliance costs consumers cost containment mechanisms coun country’s developing countries direct emissions domestic climate domestic producers economic economywide efficiency electricity embedded carbon emissions allowances emissions leakage emissions reductions Emissions Trading emitted energy energy-intensive environmental European Union exports feedstock Figure firms free allocation global greenhouse gas emissions impact imports impose incentives included intensity international climate international trade Iron and Steel Kyoto Protocol level the playing leveling the carbon Lieberman-Warner low-carbon multilateral Nations Comtrade database natural gas offsets options output paper percent Peterson Institute policymakers price caps production proposals pulp reduce emissions regime sectoral agreements share targets trade measures United Nations Comtrade World Resources Institute
Page 1 - December 1997. or thereafter, which would- (A) mandate new commitments to limit or reduce greenhouse gas emissions for the Annex I Parties, unless the protocol or other agreement also mandates new specific scheduled commitments to limit or reduce greenhouse gas emissions for Developing Country Parties within the same compliance period...
Page 1 - Parties and Developing Countries and the level of required emission reductions, could result in serious harm to the United States economy, including significant job loss, trade disadvantages, increased energy and consumer costs.
Page xi - The Peter G. Peterson Institute for International Economics is a private, nonprofit institution for the study and discussion of international economic policy. Its purpose is to analyze important issues in that area and to develop and communicate practical new approaches for dealing with them. The Institute is completely nonpartisan. The Institute is funded by a highly diversified group of philanthropic foundations, private corporations, and interested individuals. About 30 percent of the Institute's...