Climate Change and the Global Trading System
Autor
Daniel Gros
, Christian Egenhofer
, Selen Guerin Sarisoy
The European Union has been a pioneer in climate change policies, especially through its ""cap and trade"" emissions trading system (the ETS) for reducing greenhouse gas emissions by 20% by the year 2020. This book analyzes the economic consequences of supplementing the ETS with an import tax on the CO2 content of all goods imported into the EU.