Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:53:14am WEST
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Daily Overview |
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Egg-Timer: Carbon Markets and Climate Policy Location: D-107 Session Chair: Jiwon Im, Seoul National University | |
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How to increase global acceptance of border carbon adjustments? Evaluating alternative revenue recycling pathways 1: Graduate School of Environmental Studies, Seoul National University; 2: Graduate School of Public Administration, Seoul National University The European Union's Carbon Border Adjustment Mechanism (CBAM), fully operationalized in 2026, raises a fundamental distributional question: who should receive its revenues? This study evaluates four recycling architectures — EU household rebates, non-fossil energy subsidies, labor tax relief, and direct household transfers to recipient regions — using a multi-regional computable general equilibrium model calibrated to GTAP-Power 11. Three findings emerge. First, the recycling mechanism, not the border tariff itself, determines environmental outcomes: non-fossil energy subsidies deliver the largest global CO2 reduction through a supply-side channel that restructures the energy mix, while demand-side transfers achieve comparable welfare gains with substantially smaller emission reductions. Second, when welfare is measured relative to GDP, the poorest recipient regions gain up to ten times more than the EU retains under its own recycling scenario — a disparity invisible in absolute terms. Third, EU revenue retention worsens global distributional outcomes, while all outward recycling designs reduce inter-regional inequality. These results reframe the policy question from whether to redistribute CBAM revenues to how recycling architecture jointly determines climate and equity outcomes. | |