View metadata

dc.titleClimate-Related Trade Measures: Assessing Impacts for Bolivia, Colombia, Ecuador, and Peru
dc.contributor.authorCosbey, Aaron
dc.contributor.authorVogt-Schilb, Adrien
dc.contributor.orgunitClimate Change Solutions Division
dc.coverageBolivia
dc.coverageColombia
dc.coverageEcuador
dc.coveragePeru
dc.date.available2023-08-08T00:08:00
dc.date.issue2023-08-08T00:08:00
dc.description.abstractThere is a growing wave of concern for the embodied carbon in traded goods. One manifestation of that concern is large economies such as the USA and the European Union enacting climate-related trade measures, including border carbon adjustment. This paper reviews more than ten climate-related trade measures that are currently enacted or under discussion globally and five initiatives from large companies to source low-carbon inputs. It then assesses Bolivia, Colombia, Ecuador, and Perus vulnerability to trade restrictions, based on estimated greenhouse gas intensity of their exported goods (using an input-output analysis) relative to other global producers, and an exposure analysis that assesses the likelihood that current importers of these products might implement climate-related trade measures. Finally, it reviews existing scenarios of global oil, natural gas and coal demand, and asks what they mean for fossil fuel exports from these countries. Agricultural goods stand out as vulnerable, as they are the main driver of deforestation and associated emissions. The most serious threat is the vulnerability of fossil fuel exports, primarily crude oil and gas, which dominate the four countries current exports. The paper exposes recommendations in terms of diversifying the economy away from fossil fuels and preparing exporters to comply with emerging climate-related trade restrictions.
dc.format.extent57
dc.identifier.doihttp://dx.doi.org/10.18235/0005062
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Climate-Related-Trade-Measures-Assessing-Impacts-for-Bolivia-Colombia-Ecuador-and-Peru.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Climate-Related-Trade-Measures--Assessing-Impacts-for-Bolivia-Colombia-Ecuador-and-Peru.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectExport
dc.subjectGreenhouse Gas Emission
dc.subjectTrade Bloc
dc.subjectClimate Change
dc.subjectPetroleum
dc.subjectIntegration and Trade
dc.subjectMining Industry
dc.subjectFossil Fuel
dc.subjectLow-Carbon Economy
dc.subjectAgricultural Trade
dc.subjectIndustry
dc.subjectTariff System
dc.subject.jelcodeF18 - Trade and Environment
dc.subject.jelcodeQ56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth
dc.subject.jelcodeQ54 - Climate • Natural Disasters and Their Management • Global Warming
dc.subject.jelcodeO13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products
dc.subject.keywordsTrade Policy; Climate Policy; Input-Output Analysis
dc.typeWorking Papers
idb.identifier.pubnumberIDB-WP-01503
idb.operationRG-T4029
Return to Publication