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Carbon Pricing at Export Markets: Trade-Related Implications in Trinidad and Tobago

카테고리
국외자료
개인저자
Ilya Stepanov, Diego A Gutierrez, Camilo E Tovar Mora
단체저자
IMF
발행기관
IMF
발행년월
2025.01
페이지수
22p
URL
요약
This paper examines the potential impact of border carbon adjustments on Trinidad and Tobago’s exports. Despite its marginal contribution to global greenhouse gas emissions, the country’s high carbon intensity exposes the economy to global low-carbon transition risks. The paper aims to raise awareness and encourage discussions on critical actions needed to maintain export competitiveness, enhance diversification, support balance of payments stability, and finance a green transition. The analysis recommends building on existing policies to integrate transition risks into development strategies, promote carbon intensity reduction, accumulate relevant data, and explore innovative emissions reduction approaches, including carbon pricing.