Publications

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26 Publications found…

  • Working Paper 11 June 2024

    How to price CBAM permits: Combining the markets for ETS and CBAM carbon permits

    By Nicolò Tamberi and L. Alan Winters CB et al.

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    Summary CITP publication

    CBAM emission permit price is determined only by the demand for ETS permits by domestic producers. If technical progress reduces domestic firms’ demand for emissions, the price of permits falls, imports increase and, potentially, total emissions from consumption rise. Combining the markets for ETS and CBAM permits would overcome this problem.

    Topics

  • Working Paper 4 September 2025

    How to price CBAM permits: Combining the markets for ETS and CBAM carbon permits (revised)

    By Nicolò Tamberi and L. Alan Winters CB et al.

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    Summary CITP publication

    In this paper, the authors propose that domestic producers and importers should bid in the same capped market for emissions permits.

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  • Working Paper 4 September 2023

    Where Technical Meets Political: The Complexity of the EU CBAM in Northern Ireland

    By Xinyan Zhao and Dongzhe Zhang.

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    Summary CITP publication

    Northern Ireland raises a complex UK-EU trade issue for EU CBAM. This paper presents research on solutions to facilitate seamless trade and effective climate cooperation. The authors look at four potential scenarios and conclude that to mitigate negative impacts, the UK and the EU should link their Emissions Trading Systems and the UK should implement an EU-style CBAM too.

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  • Briefing Paper 12 February 2024

    Will the CBAM fill the UK’s fiscal gap?

    By L. Alan Winters CB and Dongzhe Zhang et al.

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    Summary CITP publication

    This Briefing Paper looks at potential revenue estimates of UK’s Carbon Border Adjustment Mechanism (CBAM) by mirroring it to the EU’s CBAM.

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  • Blog post 4 September 2023

    The Complexity of the EU CBAM in Northern Ireland

    By Xinyan Zhao and Dongzhe Zhang.

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    Summary CITP publication

    Northern Ireland raises a complex UK-EU trade issue for EU CBAM. It risks diverting trade away from Northern Ireland, impacting on trade and jobs in Northern Ireland and/or opening up illegal transportation of goods subject to EU CBAM.

    Topics

    None.

  • Briefing Paper 20 February 2024

    The economic significance of the EU CBAM in the UK

    By Dongzhe Zhang et al.

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    Summary CITP publication

    A quantitative estimate of the extent of the possible economic impact of the EU CBAM for the UK.

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  • Briefing Paper 12 April 2024

    The revenue potential of phasing out the free allowances received by UK CBAM sectors

    By Dongzhe Zhang and L. Alan Winters CB et al.

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    Summary CITP publication

    This Briefing Paper provides an estimate the potential revenue that the UK government will raise through the phasing out of free allowances under the ETS that will accompany the introduction of the UK’s CBAM.

    Topics

  • Briefing Paper 13 June 2024

    Default values in the UK’s CBAM could hinder its climate ambitions

    By Dongzhe Zhang and L. Alan Winters CB et al.

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    Summary CITP publication

    The generation of default values for each CBAM good is crucial. This paper identifies potential problems with applying national average emission intensities, analyses the negative impacts of using uniform default values across countries, assesses the usefulness of using production weights to calculate global averages and discusses percentage-based markup.

    Topics

  • Blog post 13 December 2024

    The UK CBAM journey: Assessing the Government’s response to its consultation of March 2024

    By Dongzhe Zhang, L. Alan Winters CB and Emily Lydgate.

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    Summary CITP publication

    The challenges that will result if the UK CBAM diverges from the design of EU CBAM

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  • Blog post 1 July 2022

    Trade Policy and Climate Policy: Moving beyond the CBAM

    By L. Alan Winters CB.

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    Summary CITP publication

    No country currently uses trade policy in its approach to climate change; however, the EU is gearing up to do so through its Carbon Border Adjustment Mechanism (CBAM) and in the US, the Federal Government has proposed an approach to managing emissions domestically via standards. Based on his speech at the Summit of the Americas, L. Alan Winters discusses these approaches and argues that the real question is how to create a global system, because ultimately, with a global problem, that is what we require.

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