The Carbon Club revisited: Harnessing enterprise and trade to decarbonise the global economy

Aug 1, 2023

A Border Carbon Adjustment (BCA):

  • Addresses a major source of emissions: those embedded in a nation’s imports.
  • Provides a financial incentive to overseas producers to invest in low emission technology.
  • Reduces carbon leakage and ensures fair competition for domestic producers reducing their own emissions.
  • Incentivises citizens to choose lower carbon products.
  • Uses implementation and enforcement mechanisms that are already universally practised.
  • Requires no international negotiations, but is aligned with the direction of travel towards climate ambition in the EU and elsewhere.
  • Is seen as a fair policy across the political spectrum in key countries proposing it.
  • Raises funds that can be used to promote a just transition: at home, alleviating any impact from higher prices; and internationally, providing climate finance for adaptation and mitigation among affected nations.
Publication details
The urgency of zero
Axelsson, Kaya
Oxford Smith School

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