Akademik Veri Yönetim Sistemi
Encyclopedia of Monetary Policy, Financial Markets and Banking , Nikolaos Apergis, Editör, Elsevier Science, Oxford/Amsterdam , Massachusetts, ss.1-20, 2023
The European Union Emission Trading Scheme (EU ETS) represents one of the most ambitious and significant market-based mechanisms to combat climate change. Launched in 2005, it aimed to reduce greenhouse gas emissions in a cost-effective manner while promoting economic growth. However, because of the unexpected costs it brought, it produced a need for alternative policy instrument, generating a competitive disadvantage in international trade and triggering carbon leakage. As a solution instrument, the Carbon Border Adjustment Mechanism (CBAM) has been added to the agenda. The first objective of the study is to assess the potential effects of two alternative policy instruments on emissions. The second goal is to compare how these vehicles contribute to climate financing.