international trade and carbon pricing

International trade refers to the exchange of goods, services, and capital between countries. Carbon pricing, on the other hand, refers to a policy tool that imposes a cost on greenhouse gas emissions to reduce carbon pollution. When combined, "international trade and carbon pricing" refers to the impact of carbon pricing policies on global trade patterns, where countries may adjust their trading activities based on the differing costs associated with emissions, aiming to minimize economic disadvantages or take advantage of competitive advantages.

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