Carbon-related tariffs may reduce global emissions, but the welfare losses would be high for emerging economies, such as China, Mexico and Brazil.
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References
Atkinson, G. et al. Trade in 'virtual carbon': Empirical results and implications for policy. Glob. Environ. Change 10.1016/j.gloenvcha.2010.11.009 (2011).
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Franz-Vasdeki, J. Taxing options for trade. Nature Clim Change (2011). https://doi.org/10.1038/nclimate1054
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DOI: https://doi.org/10.1038/nclimate1054