Abstract
Reducing carbon leakage is one of the important reasons that was put forward by the EU for their border adjustment tax proposal. However, there are not many empirical evidences supporting significant carbon leakage in the EU carbon-intensive industries. This paper applied the structural breakpoint test for the time series of import and export of cement, aluminum, and steel between EU and China. No significant structural changes were detected in the import and export of cement and aluminum. However, there proved to be two breakpoints, i.e., 2003 and 2008, in the import and export of steel, in which at the second point the overall level of steel import increased. Furthermore, Granger causality test was applied to the carbon price from European Climate Exchange and the import and export of steel. It was found that the carbon price was the Granger cause for the changes of steel import, but not the Granger cause for the export. The results of the study showed that the impacts of EU ETS on the EU carbon-intensi...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Chinese Journal of Population Resources and Environment
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
