economic implications of carbon leakage

The "economic implications of carbon leakage" refer to the consequences on the economy when industries and businesses relocate their activities to regions or countries with less stringent environmental regulations, leading to an increase in carbon emissions in those areas and potentially undermining global efforts to reduce greenhouse gas emissions and combat climate change. This may impact the competitiveness of industries in countries with stricter carbon regulations, affect job creation, and hinder efforts to transition to a sustainable low-carbon economy.

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