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DTEND;TZID=Europe/London:20190320T140000
UID:https://www.lse.ac.uk/granthaminstitute/?post_type=event&p=43745
DTSTAMP;TZID=Europe/London:20260425T102950Z
LOCATION:32 Lincoln's Inn Fields\, 32L.LG.04\, London School of Economics
DESCRIPTION:Lutz will be discussing his paper <em>The Global Consumer Incidence of Carbon Pricing: Evidence from Trade.</em>

<strong>Abstract</strong>

The consumer cost of carbon pricing is globally regressive\, more so across countries than within—it falls harder on average consumers in poor countries than on poor consumers in average countries. I show this using a novel\, global approach to estimating the consumer incidence of carbon pricing. On the demand side\, I allow consumption to differ both between countries and across income levels within them. On the supply side\, I model substitution of inputs along global value chains. I identify all model parameters from data on bilateral trade flows. Similar to a global carbon price\, the introduction of the EU Emissions Trading System (ETS) in 2005 was likely regressive. The results are different for a carbon price on traded goods. The cost of a hypothetical Border Adjustment to complement the EU ETS follows an inverted U-shape—the richest and the poorest consumers in the EU incur the largest cost.
URL;VALUE=URI:https://www.lse.ac.uk/granthaminstitute/events/lutz-sager-grantham-workshop/
SUMMARY:The global consumer incidence of carbon pricing: Evidence from trade | Lutz Sager
DTSTART;TZID=Europe/London:20190320T123000
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