Border Adjustment Mechanisms:Elements for Economic, Legal, and Political Analysis

摘要

[...] Based on the discrepancy between the urgency of climate issues and themeagre results achieved in international negotiations, this chapter weighsthe usefulness of BCAs as a complement to strong regional or domesticenvironmental regulation. This leads us to discuss the interplay of economiccompetitiveness and climate change, before the economic challenges posed byBCAs in order to reach fairness in its design and implementation (Section 4.2).Section 4.3 sheds light upon the legality of BCAs according to internationaltrade law, while Section 4.4 provides an assessment of policy-related implications.It outlines, in particular, how BCAs could be used as an engine of anecessary economic transition, for developed and developing countries equally,according to the common but differentiated responsibilities principle [...]