Carbon Border Adjustments: The Need to Track All Cross-Border Carbon Flows
We’ve all seen analysis of CO2 imbedded in manufactured goods trade: The US and EU import, and China exports. That observation has been a critical driver of the interest in carbon border adjustments as part of an overall climate policy.
But what about the other major source of cross-border CO2 flows—trade in fossil fuels? Adding trade in fossil fuels to the established method of accounting for CO2 imbedded in manufactured goods yields surprising insights for potential border adjustments for the US, EU & China.
Mark Finley, Fellow at Rice University’s Baker Institute (and NCAC Council Member), and Rice University PhD student Joon Ha Kim, will present findings based on a recent paper with significant implications for analysis of the political and economic impacts of carbon border adjustments.
Below are the links to the paper:
This conversation will be hosted by NCAC Vice President TJ Conway.
Mark Finley is the fellow in energy and global oil at Rice University's Baker Institute. He has over 35 years of experience working at the intersections of energy, economics and public policy.
Before joining the Baker Institute, Finley was the senior U.S. economist at BP. For 12 years, he led the production of the BP Statistical Review of World Energy, the world’s longest-running compilation of objective global energy data. He also was responsible for the company’s long- and short-term oil market analysis, and he led the global oil market and transportation sector analyses for the long-term BP Energy Outlook.
Finley is a senior fellow of the U.S. Association for Energy Economics, and has been recognized for his lifetime contributions to the profession of energy economics. He has held leadership roles in the International Association for Energy Economics, the National Association for Business Economics, and the Conference of Business Economics, and is a member of the Council on Foreign Relations. Finley is a Phi Beta Kappa graduate of the University of Michigan and holds graduate degrees from Northwestern University (in economics) and the George Washington University (in finance).
Joon Ha Kim is a graduate fellow at the Baker Institute’s Center for Energy Studies and is currently completing his Ph.D. in economics at Rice University. He holds an M.A. in Economics from the University of British Columbia. His current research interest is studying the transition into renewable energy and its ensuing economic costs and environmental benefits.
This event is free to NCAC-USAEE members. The Zoom link will be at the very bottom of the confirmation email from NCAC-USAEE, after you register. Non-members can sign up for membership at: https://www.ncac-usaee.org/membership and then sign-up for the event on the website calendar. 2022 membership entitles participation for the remainder of the year.