The potential impact of EU’s carbon border adjustment mechanism (CBAM): an Australia-China relationship perspective

Shi, X; Laurenceson, J; Liu, Y

The potential impact of EU’s carbon border adjustment mechanism (CBAM): an Australia-China relationship perspective

Shi, X

Laurenceson, J

Liu, Y

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Publisher:: EMERALD GROUP PUBLISHING LTD
Publication Type:: Journal Article
Citation:: Journal of Chinese Economic and Foreign Trade Studies, 2024, 17, (1), pp. 75-91
Issue Date:: 2024-06-25

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Field	Value	Language
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395
dc.contributor.author	Laurenceson, J https://orcid.org/0000-0002-3991-0082
dc.contributor.author	Liu, Y
dc.date.accessioned	2025-01-10T09:30:33Z
dc.date.available	2025-01-10T09:30:33Z
dc.date.issued	2024-06-25
dc.identifier.citation	Journal of Chinese Economic and Foreign Trade Studies, 2024, 17, (1), pp. 75-91
dc.identifier.issn	1754-4408
dc.identifier.issn	1754-4416
dc.identifier.uri	http://hdl.handle.net/10453/183241
dc.description.abstract	Purpose: This paper aims to investigate the multifaced aspects and consequences of the EU Carbon Border Adjustment Mechanism (CBAM) from an Australia-China Relationship perspective. Design/methodology/approach: This paper leverages the SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis to examine both the internal and external factors that affect Australia and China in the context of the CBAM. In addition, we employ the PEST (Political, Economic, Social and Technological) framework to identify effective strategies for Australia-China cooperation following the implementation of the CBAM. Findings: Our analysis reveals numerous mutual interests and opportunities for bilateral collaboration, despite challenges and threats, positioning the CBAM as a potentially significant catalyst for joint initiatives. Practical implications: This paper proposes 10 potential areas for Australia and China cooperation from the political economic social and technological PEST dimensions. Originality/value: This paper makes a pioneering attempt to explore potential strategies, both individually, and together, that Australia and China can adopt to manage the impact and consequence of CBAM.
dc.language	English
dc.publisher	EMERALD GROUP PUBLISHING LTD
dc.relation.ispartof	Journal of Chinese Economic and Foreign Trade Studies
dc.relation.isbasedon	10.1108/JCEFTS-02-2024-0018
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	The version of record is available at https://doi.org/10.1108/JCEFTS-02-2024-0018. The full citation is as follows: The potential impact of EU’s carbon border adjustment mechanism (CBAM): an Australia-China relationship perspective. Journal of Chinese Economic and Foreign Trade Studies (2024)
dc.subject	1402 Applied Economics, 1503 Business and Management, 1699 Other Studies in Human Society
dc.subject.classification	3502 Banking, finance and investment
dc.subject.classification	3507 Strategy, management and organisational behaviour
dc.title	The potential impact of EU’s carbon border adjustment mechanism (CBAM): an Australia-China relationship perspective
dc.type	Journal Article
utslib.citation.volume	17
utslib.for	1402 Applied Economics
utslib.for	1503 Business and Management
utslib.for	1699 Other Studies in Human Society
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/DVC (International)
pubs.organisational-group	University of Technology Sydney/DVC (International)/Australia-China Relations Institute
utslib.copyright.status	open_access	*
dc.date.updated	2025-01-10T09:30:32Z
pubs.issue	1
pubs.publication-status	Published
pubs.volume	17
utslib.citation.issue	1

Abstract:

Purpose: This paper aims to investigate the multifaced aspects and consequences of the EU Carbon Border Adjustment Mechanism (CBAM) from an Australia-China Relationship perspective. Design/methodology/approach: This paper leverages the SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis to examine both the internal and external factors that affect Australia and China in the context of the CBAM. In addition, we employ the PEST (Political, Economic, Social and Technological) framework to identify effective strategies for Australia-China cooperation following the implementation of the CBAM. Findings: Our analysis reveals numerous mutual interests and opportunities for bilateral collaboration, despite challenges and threats, positioning the CBAM as a potentially significant catalyst for joint initiatives. Practical implications: This paper proposes 10 potential areas for Australia and China cooperation from the political economic social and technological PEST dimensions. Originality/value: This paper makes a pioneering attempt to explore potential strategies, both individually, and together, that Australia and China can adopt to manage the impact and consequence of CBAM.

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http://hdl.handle.net/10453/183241