The European Union as a Global Actor: The Case of the Financial Transaction Tax

Strezhneva, M.

doi:10.1017/s1062798718000418

Cited by 3 publications

(1 citation statement)

References 14 publications

(11 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The promotion of CBAM is another attempt by the European Union to extend its regulatory power beyond EU borders [Strezhneva, 2018]. The Commission is keen to reduce resistance to the introduction of CBAM both in Europe and abroad.…”

Section: Discussionmentioning

confidence: 99%

Carbon Levy of the European Union:at the Intersection of Climate and Trade Policies

Strezhneva

2023

IORJ

View full text Add to dashboard Cite

The European Union (EU) is getting ready for the implementation of СBAM — the world’s first carbon border adjustmentmechanism. This article explores the correlation between intra-European and international facets of СBAM as two sides ofthe same coin: while appending the EU Emissions Trading Scheme, it is equally an instrument of foreign trade, immediatelytouching upon EU relations with trade partners and specialized international organizations. Once such correlation is takeninto account, it becomes evident why the design of the European carbon levy remains capable of improvement as far as fightingclimate change goes.The concept of multilevel governance assists this research as the basis for analyzing СBAM. The institutionalist approachclarifies the specifics of the European carbon border adjustment mechanism. They are important in order to scopeout its true perspective. In particular, the MLG approach helps to expose the blurred lines between market regulation andtax policy in European governance practice.The ways, if any, that СBAM differs from a carbon tax and, at the same time, is similar to a carbon tariff are considered.A reappraisal made in the article of this hybrid measure makes it possible to draw a conclusion that, as envisioned bythe European Commission, it is meant to ensure more favourable conditions for investments in cost-intensive, low-carbontechnologies while suppressing competition from cheaper, high-carbon imports. At the same time, so as to avoid unleashingtrade wars, it is important for the Commission to assure the maximum possible conformity of СBAM to the World TradeOrganization’s (WTO) legal requirements. Compatibility with WTO law would enhance the ecological legitimacy of theregulatory mechanism in question. It would make sure that international partners would not regard СBAM as a form ofgreen protectionism.Further, the subtle aspects of preferences in terms of СBAM design are discussed, as held by the Commission, EUmember states, the European Parliament, and the representatives of European carbon-intensive industries. Particular attentionis paid to the discussion in the EU on the issue of connecting export rebates for inside producers to CBAM.

show abstract

Section: Discussionmentioning

confidence: 99%

Carbon Levy of the European Union:at the Intersection of Climate and Trade Policies

Strezhneva

2023

IORJ

View full text Add to dashboard Cite

show abstract

Norms Between Global Networks and Local Policies

Crowley-Vigneau

2022

Euro-Asian Studies

View full text Add to dashboard Cite

Norm Implementation: the Achilles’ Heel of Constructivist Theory?

Crowley-Vigneau

2020

Vestnik MGIMO-universiteta

View full text Add to dashboard Cite

This article offers a review of the IR academic literature on international norms, exploring their functions and life cycle, as well as revealing that while the stages leading to their national adoption have been thoroughly studied, the implementation phase has mostly been neglected by scholars. It also considers the power international norms have to bring about change in different spheres and why states adopt them. The national implementation of international norms and the reasons why some norms reach compliance while others do not have been to a large extent overlooked. The reasons for this are multifold: while some scholars assume mature, or salient, norms automatically reach compliance or rely on the explanatory power of value conflicts, others point to the influence of groups of innovative experts or international pressure in ensuring norm implementation. Those describing the local adaptation of international norms offer the most convincing descriptions of how states attempt to implement international norms they have adopted. A gap persists, however, in the literature, with scholars focusing on the domestic reasons that norms may not be successfully implemented and neglecting the international ones. This article points out a gap in the influential constructivist literature on norms, emphasizing that if international norms adopted by national governments do not reach compliance, then the study of adoption and diffusion mechanisms loses its relevance.

show abstract

The European Union as a Global Actor: The Case of the Financial Transaction Tax

Cited by 3 publications

References 14 publications

Carbon Levy of the European Union:at the Intersection of Climate and Trade Policies

Carbon Levy of the European Union:at the Intersection of Climate and Trade Policies

Norms Between Global Networks and Local Policies

Norm Implementation: the Achilles’ Heel of Constructivist Theory?

Contact Info

Product

Resources

About