carbon leakage
n.— «But bowing to pressure from industry lobbies, the commission announced that it would not allow the ETS to preside over “carbon leakage,” an ugly term meaning the relocation of steelworks and the like from Europe to countries with non-binding climate-change standards.» —“An EU plan to cut hot air” Economist.com Jan. 23, 2008. (source: Double-Tongued Dictionary)