Will the centralization of carbon pricing revenue in the European Union lead to laxer climate policy?
研究了将碳定价收入用于欧盟预算的经济影响，发现改革后低碳国家偏好更低碳价，可能导致气候政策宽松化，但量化影响较小。
Abstract We analyze the economic impact of using carbon pricing revenue to fund the European Union (EU) budget. Such a reform would redistribute from countries with above‐average carbon‐intensive production to less‐carbon‐intensive countries. Once the reform is implemented, the low‐carbon countries will prefer a lower carbon price (i.e., laxer climate policy at the EU level) than before the reform, and vice versa. As a result, EU climate policy becomes less ambitious and less disputed, where quantitative impacts presumably remain small. Weaker incentives for national governments to enforce emission taxes after revenue centralization might also contribute to higher emissions.