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ZENODO
Other literature type . 2024
License: CC BY
Data sources: ZENODO
https://doi.org/10.4337/978103...
Part of book or chapter of book . 2024 . Peer-reviewed
Data sources: Crossref
ZENODO
Research . 2024
License: CC BY
Data sources: Datacite
ZENODO
Research . 2024
License: CC BY
Data sources: Datacite
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The Emissions Trading Scheme (ETS) and the Carbon Border Adjustment Mechanism (CBAM)

Authors: Kendrick, M.;

The Emissions Trading Scheme (ETS) and the Carbon Border Adjustment Mechanism (CBAM)

Abstract

The CBAM and amendments to the ETS have been enacted but not in terms of becomingown resources for the EU, as there have already been two sets of proposed amendments to the2020 Own Resources Decision so far, neither of which have resulted in legislativeamendments. Assessing the capacity of either measure to produce sufficient revenue to repaythe NextGenerationEU debt is difficult because of multiple issues, which this chapter dividesinto three categories. First, there is the uncertainty generated by the EU’s conflictingobjectives. Both measures depend on carbon usage in order to generate revenue, andsignificant continued carbon usage if they are to generate enough revenue to repay the debt.However, both measures are fundamental to the EU’s green policy objectives. Second, thepotential revenue either measure could raise is based on estimated figures. Third, it is unclearwhether the revenue raised will be enough to repay the full cost of borrowing in the form ofboth principal and interest. This chapter questions whether the EU has the ability to repay theNextGenerationEU debt with these measures, or whether has it otherwise so far developedonly debt capacity.

Country
United Kingdom
Related Organizations
Keywords

Carbon Border Adjustment Mechanism CBAM, Emissions Trading Scheme ETS, NextGenerationEU, EU own resources, Carbon Border Adjustment Mechanism, CBAM, debt, Own Resources Decision

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    popularity
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
Green