What does carbon leakage mean?

Definitions for carbon leakage
car·bon leak·age

This dictionary definitions page includes all the possible meanings, example usage and translations of the word carbon leakage.


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Wiktionary

  1. carbon leakagenoun

    The transfer of CO-intensive industries, and consequently of greenhouse gas emissions and industrial jobs, from countries applying strict emission controls to countries with less stringent environmental regulations.

Wikidata

  1. Carbon leakage

    Carbon leakage occurs when there is an increase in carbon dioxide emissions in one country as a result of an emissions reduction by a second country with a strict climate policy. Carbon leakage may occur for a number of reasons: ⁕if the emissions policy of a country raises local costs, then another country with a more relaxed policy may have a trading advantage. If demand for these goods remains the same, production may move offshore to the cheaper country with lower standards, and global emissions will not be reduced. ⁕if environmental policies in one country add a premium to certain fuels or commodities, then the demand may decline and their price may fall. Countries that do not place a premium on those items may then take up the demand and use the same supply, negating any benefit. There is no consensus over the magnitude of long-term leakage effects. This is important for the problem of climate change, which covers long time periods. Carbon leakage does not necessarily imply that the increased emissions are from competing companies; climate policies may have the effect of causing companies to relocate its production to countries without a climate policy in order to take advantage of the economic benefits.

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Numerology

  1. Chaldean Numerology

    The numerical value of carbon leakage in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of carbon leakage in Pythagorean Numerology is: 5

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"carbon leakage." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/carbon+leakage>.

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