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Evaluation of Carbon Border Adjustment Mechanism (CBAM) as a Perspective of International Trade

국제통상 관점에서 탄소국경조정제도(CBAM) 평가

  • Inkyo Cheong (Department of International Trade, Inha University) ;
  • Jeong-Ho Yoo (Department of International Commerce, Pukyong National University) ;
  • Byeong-Ho Lim (Korea Maritime Institute) ;
  • Seul-Ki Park (Department of FTA Policy and Business Consulting, Inha University)
  • 정인교 (인하대학교 국제통상학과) ;
  • 유정호 (부경대학교 국제통상학부) ;
  • 임병호 (한국해양수산개발원) ;
  • 박슬기 (인하대학교 FTA통상정책.비즈니스컨설팅)
  • Received : 2021.12.10
  • Accepted : 2021.12.27
  • Published : 2021.12.30
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Abstract

Although awareness of the need to respond to climate change is expanding, various controversies are being raised about the EU's Carbon Border Adjustment Mechanism (CBAM). The EU has announced that they will implement CBAM as responding to climate change and preventing carbon leakage. However, the questions are raised as to whether it is actually effective in preventing carbon leakage. Above all, CBAM has its own contradictions, thus it could not be easy to implement. This is because the possibility of violation of the WTO principles is high and there are many issues in implementation. Emission Trading System (ETS) based on CBAM differs by country, and international linkage is not easy in that ETS is not a widely used system worldwide. The EU's CBAM is highly likely to be used as a trade restrictive tool, and is inevitably subject to trade disputes in that it imposes additional tariffs. The unilateral implementation of CBAM should be restrained unless support from the international community and consideration for developing countries are not taken into account.

Keywords

References

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