Can Domestic Carbon Markets Buffer the Impact of EU Border Taxes? A Stochastic Frontier Analysis of Decarbonization Costs in India’s Energy-Intensive Industries
This study examines the vulnerability of India’s energy-intensive and trade-exposed (EITE) industries to the European Union’s Carbon Border Adjustment Mechanism (CBAM) and evaluates whether a domestic emissions trading system (ETS) can mitigate these risks. Using data from the Annual Survey of Industries for 2015 to...