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).
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Daily Overview |
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Climate Change Mitigation 6: Carbon Border Adjustments Location: B011 Session Chair: Robin Sogalla, University of Mannheim and Kiel Institute for the World Economy | |
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Resource Shuffling & Scrap Trade DIW Berlin, Germany Scrap availability limits how quickly global steel production can decarbonize. This paper shows that a border carbon adjustment can eliminate classic import carbon leakage but triggers resource shuffling: as regulated regions demand more of the cleaner, scrap-based steel, unregulated regions shift towards dirtier one. I develop a dynamic trade model with three steel production routes and endogenous scrap generation from depreciating product stocks. Higher carbon prices raise global scrap demand, improving waste-processing efficiency globally. However, the regulated region absorbs a disproportionate share of scrap supply for newly-created clean demand, driving up scrap prices and forcing the unregulated region into dirty consumption. This resource-shuffling effect diminishes as steel stocks accumulate over time and relax the scrap constraint. | |