Does carbon leakage through international trade reduce the effectiveness of carbon pricing policies?

By Jonas Teusch, Filippo Maria D’Arcangelo, Tobias Kruse, and Mauro Pisu Carbon leakage, whereby foreign emissions increase because of domestic climate policies, blunts the effects of domestic climate policies on global emissions. Traditionally, the empirical literature has not found much evidence of carbon leakage (e.g. Venmans et al, 2020). However, carbon prices were historically low… Read More »Does carbon leakage through international trade reduce the effectiveness of carbon pricing policie