| Despite claims that increasing the price of carbon in the EU could harm businesses, a new study suggests that this is not the case. According to the paper, even a ten-fold increase in the carbon price is likely to have an “extremely limited” impact on exports and imports.
The researchers, from the Grantham Research Institute on Climate Change and the London School of Economics, analysed 62 business and industry sectors in 42 countries over a 15-year period, using data that covers 80% of global merchandise trade..............................................Full Article: Source |