Learn more about how the EU proposal for a Carbon Border Adjustment Mechanism is driving forward discussions around trade and climate.
Date: 25 October 2021
Time: 1:00 - 2:30pm BST
This high-level event explored how trade and trade-related policies could be used to support decarbonisation, focusing specifically on Carbon Border Adjustment Mechanisms (CBAM). Alternatives to CBAMs, such as the inclusion of climate and environmental conditions in trade agreements and the formation of ‘Carbon clubs’ were also discussed.
The event centred on the launch of a new CISL report ‘On the borderline: the EU CBAM in the world of trade’. The report presents an independent analysis that provides a systematic and thorough assessment of the opportunities and barriers for implementing CBAMs, and what factors could improve their feasibility. The report contributes to the growing debate on the EU’s recent CBAM proposal, which has attracted much discussion and interest around the role of trade in climate policy and the impact of climate policy on trade relations. This research and event have been supported by Microsoft.
Ahead of COP26 and in the context of the implementation of the Fit for 55 Package, these issues have been particularly relevant as policymakers are developing policy frameworks to achieve net-zero greenhouse gas emissions by 2050. Understanding how trade and climate policy can be used effectively to drive down domestic and global emissions while also fostering more climate-conscious corporate culture is pivotal.
This online event was organised by the Brussels office of CISL.
You can access the presentation of the report here and the recording of the event here.
Download the report ‘On the borderline: the EU CBAM in the world of trade’ here.
Speakers include:
- Antoine Colombani, Member of Cabinet of Frans Timmermans, European Commission Executive Vice-President for the European Green Deal
- Bence Kiss-Dobronyi, Senior Economist at the Budapest Office of Cambridge Econometrics
- Casper Klynge, Vice President for European Government Affairs, Microsoft
- Catrina Rorke, Vice President of Policy, Climate Leadership Council
- Clare Shine, Director and CEO of the Cambridge Institute for Sustainability Leadership (CISL)
- Dr Alberto Arribas-Herranz, Sustainability Science Lead, Europe, Microsoft
- Dr Sanna Markkanen, Research Lead, Centre for Policy and Industrial transformation, CISL
- Dr Susanne Dröge, Senior Fellow, German Institute for International and Security Affairs
- Eliot Whittington, Director for CLG Europe, and Policy Director for CISL (Chair)
- Hector Pollitt, Chief Economist, Cambridge Econometrics
- Hosuk Lee-Makiyama, Director of the European Centre for International Political Economy (ECIPE)
- Pierre Jérémie, Advisor in charge of heavy industries, energy and the circular economy to Ms Agnès Pannier-Runacher, Minister in charge of Industry, France
- Professor Jorge E. Viñuales, Cambridge Centre for Environment, Energy and Natural Resource Governance (C-EENRG)
- Thomas Hörnfeldt, Vice President for Sustainability & Public Affairs, SSAB
