Global Economic and Environmental Impacts of an ETR in Europe

This chapter analyses the results of the scenario simulations delivered by the GINFORS model regarding the economic and environmental impact of an ETR implemented in Europe on the rest of the world. We analyse the development of European trade relations with other world regions in order to investigate changes in competitiveness of different European industries on global markets. The economic consequences (in terms of economic growth, investment, international trade, etc.) of the implementation of an ETR in Europe for other world regions, divided into three country groups (other OECD countries; emerging/anchor countries; rest of the world) are described. The chapter also provides a quantitative analysis of changing global patterns in natural resource extraction, energy use, and CO2 emissions in all world regions due to the implementation of a European ETR.