## Carbon Pricing at Export Markets: Trade-Related Implications in Trinidad and Tobago

_IMF Working Papers, January 24, 2025_

## Source details

**Canonical URL:** [Carbon Pricing at Export Markets: Trade-Related Implications in Trinidad and Tobago](https://www.imf.org/en/publications/wp/issues/2025/01/24/carbon-pricing-at-export-markets-trade-related-implications-in-trinidad-and-tobago-561225)

## Other formats

- [Markdown version](/en/publications/wp/issues/2025/01/24/carbon-pricing-at-export-markets-trade-related-implications-in-trinidad-and-tobago-561225/index.md)
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## Bibliographic details
- 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

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### Summary
- 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:
  - maintain export competitiveness,
  - enhance diversification,
  - support balance of payments stability,
  - finance a green transition.

### Key findings and implications
- 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.

### Policy recommendations and strategic actions
- 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.

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## Content in this bundle

- **Working Paper**
  - [Working Paper (Markdown version)](/-/media/files/publications/wp/2025/english/wpiea2025028-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Working Paper (PDF)](/-/media/files/publications/wp/2025/english/wpiea2025028-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2025/01/24/carbon-pricing-at-export-markets-trade-related-implications-in-trinidad-and-tobago-561225_