Near, but quantitative restrictions are worse. They require corruption prone bureaucracies to enforce and provide arbitrary levels of "protection" to favored import-substituters. And they don't even generate any revenue.
"For example, should one country levy a carbon tax on manufactured goods, it would make sense to “border adjust” that tax to include imported goods to ensure a level playing field for domestic manufacturers. To do otherwise could nullify the effect of the carbon tax in the first place."
Not for domestic _producers_, but domestic _consumers_. W/o a border adjustment for goods coming from countries with equivalent taxes on net CO2 emissions, domestic consumers would be avoiding the tax, and it would be less effective in reducing the indirect demand for use of CO2-emitting technologies. [The border adjustment also encourages exporting countries to adopte their own taxes on net emissions of CO2]
"tariffs rank near the top of the list."
Near, but quantitative restrictions are worse. They require corruption prone bureaucracies to enforce and provide arbitrary levels of "protection" to favored import-substituters. And they don't even generate any revenue.
"For example, should one country levy a carbon tax on manufactured goods, it would make sense to “border adjust” that tax to include imported goods to ensure a level playing field for domestic manufacturers. To do otherwise could nullify the effect of the carbon tax in the first place."
Not for domestic _producers_, but domestic _consumers_. W/o a border adjustment for goods coming from countries with equivalent taxes on net CO2 emissions, domestic consumers would be avoiding the tax, and it would be less effective in reducing the indirect demand for use of CO2-emitting technologies. [The border adjustment also encourages exporting countries to adopte their own taxes on net emissions of CO2]
I may remove this part in the future. Seems like this could be too easily abused.