Publications
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24 Publications found…
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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.
View postSummary 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
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Evidence 27 February 2024
Industrial Policy
By L. Alan Winters CB, Minako Morita Jaeger, Sunayana Sasmal, Michael Gasiorek and Peter Holmes et al.
View postSummary CITP publication
Written evidence submitted to the Business and Trade Committee by members of CITP and the UK Trade Policy Observatory. The evidence focuses on the need for an industrial and trade strategy, economic security, critical raw materials, net zero, EVs and environmental services.
Topics
None.
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Working Paper 22 February 2024
How do we make trade policy in Britain? How should we?
View postSummary CITP publication
This working paper starts by sketching how that policy has been developed and implemented and how it is turning out. It then moves on to consider how we might do better, proposing three (sets of) institutional reforms.
Topics
None.
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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.
View postSummary 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.
Topics
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Briefing Paper 16 November 2023
The US-EU Green Subsidies Race one year in: Some perspectives from the rest of the world
By Emily Lydgate, L. Alan Winters CB, Sunayana Sasmal, Xinyan Zhao, Professor James Bacchus and Amrita Saha et al.
View postSummary CITP publication
In this Briefing Paper, the authors highlight some of the ramifications of the US-EU green subsidies race for developed country allies of the EU and US, such as the UK, and for low-income countries supplying many of the critical raw materials to make the transition to electric vehicles (EVs) possible.
Topics
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Academic Paper 20 October 2023
Adam Smith’s Wealth of Nations is still relevant to UK trade policymaking on international trade
View postSummary CITP publication
This article reviews Adam Smith’s clearly articulated views about the desirability of free trade and his equally strong view on the necessity of sound institutions and ‘the tolerable administration of justice’ as key ingredients of successful economic management. It starts with Smith’s views on free trade and shows how pertinent they are to today’s high-level trade policy challenges. It then considers a more detailed day-to-day instrument of policy—the Trade Remedies Authority (TRA). Following Brexit, the TRA was created as an arms-length body for investigating cases for granting temporary import restrictions to specific products according to a reasonably well-defined objective process. The article demonstrates how, over the first 2 years of its life, the TRA has been reduced from a useful administrative instrument to a fig leaf for a political process for granting protection to petitioners. Unfortunately, this tendency to displace analytical approaches to policy by purely political ones can now be observed in many activities of UK governance.
Topics
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Briefing Paper 6 October 2023
Exempting Least Developed Countries from carbon border adjustments: A legal and economic analysis
By Sunayana Sasmal, Dongzhe Zhang, Emily Lydgate and L. Alan Winters CB et al.
View postSummary CITP publication
This paper focuses on the extent to which one might mitigate any harm that the CBAM does to the poorest countries. It provides evidence of the potential impact of CBAMs on Least Developed Countries and the Low/Lower Middle-Income Countries and discusses whether and how such an exemption might be accommodated within the existing legal framework of the World Trade Organization.
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Blog post 22 September 2023
A new dawn in public debate?
View postSummary CITP publication
Drawing on the PM’s recent speeches on the UK’s policies for achieving net zero to ask some poignant questions over the Government’s policies on both climate and trade in the spirit of honesty, pragmatism, transparency, that the PM claims to value.
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Blog post 31 August 2023
International Trade and Climate Change: Is regulation sufficient to solve the problem?
View postSummary CITP publication
This blog argues that international trade policy to support climate policy will need to supplement regulation with the price mechanism – imposing taxes or emissions charges on some trade, as the European Union’s Carbon Border Adjustment Mechanism (CBAM) will do. The blog points to well-documented evidence of the difficulties of a previous effort to coordinate regulations internationally.
Topics
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Blog post 31 August 2023
A Carbon Border Adjustment for the UK?
By L. Alan Winters CB and Emily Lydgate.
View postSummary CITP publication
This blog sumamrises our response to the UK Government’s consultation on addressing climate leakage, focusing on carbon border adjustments (CBAMs). It considers implementation challenges, policy considerations and issues for least developing countries.
Topics
None.