{
  "title": "Carbon Pricing at Export Markets: Trade-Related Implications in Trinidad and Tobago",
  "publication": "IMF Working Papers, January 24, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2025/01/24/carbon-pricing-at-export-markets-trade-related-implications-in-trinidad-and-tobago-561225",
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  "summary": "This paper examines the potential impact of border carbon adjustments on Trinidad and Tobago’s exports. Despite its marginal contribution to global greenhouse gas emissions, the country’s high carbon intensity exposes the economy to global low-carbon transition risks.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Examines potential impact of border carbon adjustments on Trinidad and Tobago’s exports.\n- Notes Trinidad and Tobago’s marginal contribution to global greenhouse gas emissions but highlights the country’s high carbon intensity and exposure to global low-carbon transition risks.\n- Aims to raise awareness and encourage discussion on actions to:\n  - maintain export competitiveness,\n  - enhance diversification,\n  - support balance of payments stability,\n  - finance a green transition."
    },
    {
      "heading": "Key findings and implications",
      "content": "- High carbon intensity increases vulnerability to border carbon adjustments in export markets.\n- Risks to export competitiveness could affect the balance of payments.\n- Transition-related risks warrant integration into development strategies and export policy planning."
    },
    {
      "heading": "Policy recommendations and strategic actions",
      "content": "- Build on existing policies to integrate transition risks into development strategies.\n- Promote carbon intensity reduction across the economy.\n- Accumulate relevant emissions and trade-related data to inform policy and compliance.\n- Explore innovative emissions reduction approaches, including carbon pricing.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2025/01/24/carbon-pricing-at-export-markets-trade-related-implications-in-trinidad-and-tobago-561225"
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    "Authors: Ilya Stepanov, Diego A Gutierrez, Camilo E Tovar Mora",
    "Published: January 24, 2025",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798229000666.001",
    "Examines potential impact of border carbon adjustments on Trinidad and Tobago’s exports.",
    "Notes Trinidad and Tobago’s marginal contribution to global greenhouse gas emissions but highlights the country’s high carbon intensity and exposure to global low-carbon transition risks.",
    "Aims to raise awareness and encourage discussion on actions to:",
    "High carbon intensity increases vulnerability to border carbon adjustments in export markets.",
    "Risks to export competitiveness could affect the balance of payments.",
    "Transition-related risks warrant integration into development strategies and export policy planning.",
    "Build on existing policies to integrate transition risks into development strategies.",
    "Promote carbon intensity reduction across the economy.",
    "Accumulate relevant emissions and trade-related data to inform policy and compliance.",
    "Explore innovative emissions reduction approaches, including carbon pricing.",
    "**Working Paper**"
  ],
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