Border adjustment mechanisms: Elements for economic, legal, and political analysis

[...] Based on the discrepancy between the urgency of climate issues and the meagre results achieved in international negotiations, this chapter weighs the usefulness of BCAs as a complement to strong regional or domestic environmental regulation. This leads us to discuss the interplay of economic competitiveness and climate change, before the economic challenges posed by BCAs in order to reach fairness in its design and implementation (Section 4.2). Section 4.3 sheds light upon the legality of BCAs according to international trade law, while Section 4.4 provides an assessment of policy-related implications. It outlines, in particular, how BCAs could be used as an engine of a necessary economic transition, for developed and developing countries equally, according to the common but differentiated responsibilities principle [...]