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Competitividad y fuga de carbono: el caso de la economía vasca
The document analyzes the risk of carbon leakage in the Basque economy, defining vulnerability as a combination of high carbon costs and high trade intensity with non-EU countries. Using 2005 data, it finds that 11 sectors are at risk, representing 4-6% of productive activity and 6.5% of the total Gross Value Added (GVA). Key vulnerable sectors include oil refining and steel, while the majority of the economy (77.4% of GVA) remains unaffected. The author recommends protecting vulnerable sectors while transitioning toward a value-based rather than volume-based production model.
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Document type: Policy brief