02167cas a2200313 a 4500 AALejournalIMF022359 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513593029 1018-5941 BD-DhAAL BD-DhAAL Misch, Florian. Revisiting Carbon Leakage / Florian Misch, Philippe Wingender. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently published data on sector-country-specific changes in energy prices to identify changes in domestic carbon emissions and other flows (rather than the historically limited variation in carbon prices or adherence to international climate agreements). Second, we present a simple accounting framework to derive carbon leakage rates from reduced-form regressions in contrast to existing papers, thereby making our results directly comparable to model-based estimates of carbon leakage. We show that carbon leakage rates differ across countries and could be larger than what existing estimates suggest. Mode of access: Internet Climate imf Environment and Development imf Global Warming imf Natural Disasters and Their Management imf Trade and Environment imf Wingender, Philippe. IMF Working Papers; Working Paper ; No. 2021/207 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/207/001.2021.issue-207-en.xml IMF e-Library