2024-06-182024-06-182015https://doi.org/10.60810/openumwelt-6938https://openumwelt.de/handle/123456789/10220This paper explores the effects of sectoral targets in international climate policy in a macroeconomic frame-work, their interaction with the EU emissions Trading System (EU ETS), and to which extent sectoral targets can address the concerns of competitiveness. We assume that a global binding agreement exists between the steel sector and governments. The steel sector seems particularly suited for a sectoral targets approach be-cause it is relatively ⁠CO2⁠-intensive (3-5% of global CO2-emissions) and also trade intensive (approximately 20% of the value of steel output is traded).39enghttp://rightsstatements.org/vocab/InC/1.0/sectoral targetssteel sectorCarbon LeakagePost-Kyotoclimate policySonstigesKlima | EnergieClimate | Energy