Making Trade Greener – October 2021

The Economist

Energy Institute Faculty Affiliate, Joseph Shapiro has a study quoted in The Economist analyzing trade policy amongst policy makers.

“One study by Joseph Shapiro of the University of California, Berkeley, compares tariffs on products made by polluting industries with those made by cleaner ones, and finds that the more carbon-intensive products are actually taxed less. The difference is equivalent to an implicit subsidy for carbon emissions of between $85 and $120 per tonne.”