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    After Elmau: input to the policy debate on climate clubs

    Leonelli, Giulia Claudia (2022) After Elmau: input to the policy debate on climate clubs. Social Science Research Network.

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    Leonelli - Input Paper on Climate Clubs.pdf - Published Version of Record

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    Abstract

    This input paper is a follow-up to conversations held on an informal basis with relevant stakeholders in August 2022. The discussions focused on different potential regulatory approaches to the establishment of plurilateral climate club arrangements. The paper assesses the advantages and the limitations of different regulatory models. It lays particular emphasis on questions surrounding environmental effectiveness and WTO law compatibility, examining different potentially applicable criteria for the establishment of economic or environmental equivalence between club Members and focusing on different remedies which may be imposed against products originating from non-Members. This includes an analysis of arrangements based on carbon pricing mechanisms and ‘explicit’ carbon prices, environmental equivalence and tariffs, and hybrid models; most importantly, the fourth section examines top-down and bottom-up approaches based on the establishment of environmental equivalence between club Members, product standards, and bans. Top-down installation-based approaches or bottom-up models based on average sectoral carbon intensity reduction commitments provide the most promising way forward in the context of climate club negotiations. The former model would be more effective in environmental terms and more likely to be WTO law compatible. The latter would be more feasible in political and administrative terms.

    Metadata

    Item Type: Other
    Keyword(s) / Subject(s): Climate Clubs, Global Steel and Aluminium Arrangement, Carbon Border Measures, CBAM, Installation-Based Approaches, Average Sectoral Carbon Intensity, Best Available Techniques
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Law School
    Depositing User: Giulia Claudia Leonelli
    Date Deposited: 12 Aug 2022 04:22
    Last Modified: 02 Aug 2023 18:17
    URI: https://eprints.bbk.ac.uk/id/eprint/48907

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