The effect of foreign carbon prices on German outward FDI
研究发现，东道国碳价格上升会减少德国对外直接投资，尤其在排放密集且贸易暴露的行业。
Carbon prices are an integral tool to tackle climate change, yet they could lead to competitive disadvantages for firms that have to pay them. This paper finds that German foreign direct investment decreases in response to higher carbon prices in the destination country, particularly in industries that are both emission-intensive and exposed to international trade.