{"id":55795,"date":"2023-02-09T10:21:10","date_gmt":"2023-02-09T15:21:10","guid":{"rendered":"https:\/\/www.bu.edu\/pardeeschool\/?p=55795"},"modified":"2023-02-10T11:42:49","modified_gmt":"2023-02-10T16:42:49","slug":"gallagher-coauthors-op-ed-on-eu-climate-action-and-globally-just-climate-transition","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/pardeeschool\/2023\/02\/09\/gallagher-coauthors-op-ed-on-eu-climate-action-and-globally-just-climate-transition\/","title":{"rendered":"Gallagher Coauthors Op-Ed on EU Climate Action and Globally Just Climate Transition"},"content":{"rendered":"

\"Kevin<\/p>\n

Kevin Gallagher<\/a>,<\/span>\u00a0Professor of Global Development Policy at Boston University\u2019s Frederick S. Pardee School of Global Studies\u00a0<\/span>and Director of the\u00a0<\/span>Global Development Policy Center<\/a> (GDP Center), coauthored a\u00a0Le Monde<\/em> op-ed<\/a> arguing why the European Union<\/a> (EU) should make its Carbon Border Adjustment Mechanism (CBAM) an element of a just transition on a global scale.<\/span><\/p>\n

Kevin Gallagher wrote the article, titled “‘It is important for the EU to be among the first to lead on climate change,’<\/a>” with fellow members of the Task Force on Climate, Development, and the International Monetary Fund<\/a> <\/span>Xiaobei He, Deputy Director of the Macro & Green Finance Lab, National School of Development at Peking University, and Ma Jun, Director of the Macro & Green Finance Lab. In the piece, the three explain the latest in the EU’s climate<\/a> toolkit – CBAM – which aims “to prevent offsetting the EU\u2019s greenhouse gas emissions reduction efforts through imports of products manufactured in non-EU countries, where climate change policies are less ambitious than in the European Union.” As the second largest contributor to historical carbon emissions, Gallagher, He, and Jun believe that it is important for the EU to be a premier leader on climate change<\/a>.<\/p>\n

However, there is a tight balancing act at play as the CBAM is not an end-all solution. According to a study by the Task Force on Climate, Development and the International Monetary Fund<\/span>, income inequality and welfare distribution between rich and poor economies could worsen as the CBAM expands to a broader array of carbon-intensive trade. As the authors argue, “a globally just climate transition must ensure that one community\u2019s climate gains do not translate into development losses for the countries that did little to contribute to the climate crisis in the 1st place.”<\/span><\/p>\n

\n

NEW op-ed for @LeMonde_EN<\/a>: <\/p>\n

Xiaobei He, @MJ_GreenFinance<\/a> and I explain why the EU should make its Carbon Border Adjustment Mechanism (#CBAM<\/a>) an element of a just transition on a global scale.https:\/\/t.co\/tXcnpqgPoY<\/a><\/p>\n

— Kevin P. Gallagher (@KevinPGallagher) February 9, 2023<\/a><\/p><\/blockquote>\n