The role of border tax adjustments
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The role of border tax adjustments book
As we have seen in previous chapters, environmental tax reform (ETR) is an effective tool for curbing energy demand and the emissions of greenhouse gases (GHG) (see Chapter 8 ), and could play a key role in the phasing out of nuclear power (see Chapter 5 ) with negligible or slightly positive macroeconomic outcomes. However, the inevitable rise in energy prices may lead to serious concerns about industrial competitiveness (see Chapter 13 ).