Home / Knowledge / News / Textiles / Carbon tariffs may spell disaster for textile exports
Carbon tariffs may spell disaster for textile exports
03
Jul '10
The dynamic CGE model simulates the production, export and employment status of 15 industrial production sectors by using two scenarios of carbon tariffs at US $30 standard and $60 standard, respectively.

In the scenario of imposing carbon tariff at the rate of $30 in the first year, industrial exports would decline 3.53 percent, total output would fall 0.62 percent. In the next year, exports would decline 3.01 percent, total output would fall 0.49 percent.

In the scenario of imposing carbon tariff by $60 standard, in the first year, exports would decline 6.95 percent, total output would fall 1.22 percent; in the second year, exports would reduce 5.97 percent, total output would fall 0.97 percent.

In the scenario of imposing carbon tariff by US $30 standard, Chinese manufacturing industry would take more than 5 years to gradually digest the negative impact of carbon tax on production and more than 7 years to gradually eliminate the impact on exports.

Production of textile industry would decrease 1.60 percent in case of being imposed $30 carbon tariff rate and if $60 carbon tariff rate was to be imposed, production would reduce 3.18 percent.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search