The economic impacts of the carbon tariffs
DOI:
https://doi.org/10.54691/bcpbm.v23i.1402Keywords:
protectionism, carbon tariff, carbon emission trading, carbon pricing.Abstract
Considering the deteriorating environmental problems, the carbon tariffs are planned to implement on the high carbon products. This passage provides the analysis of the influence of the carbon tariffs, especially to the developing countries. Admittedly, the carbon tariffs can, to a certain extent, reduce the greenhouse gases emissions. However, there is no doubt that they pose threats to the economic entities, globalization, domestic employment, and the international market. Meanwhile, both domestic and international measures of the developing countries are predicted. In terms of the domestic measures, the government should encourage the innovation in the field of green technologies and motivate the establishment of trading mechanisms. As for the international measures, the countries should cooperate on dealing the international issues and maintain the fairness of the international market.
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