The role of Carbon Border Adjustment Mechanisms in promoting carbon pricing initiatives worldwide
The EU’s Carbon Border Adjustment Mechanism (CBAM) is an environmental policy tool that encourages global companies in Energy Intensive industries only to embrace greener and more sustainable technologies. It acts in complementary way to other important policy tools. Its aim is to prevent EU climate action being undermined by production moving outside the EU to take advantage of lower environmental standards or being replaced by more polluting imports (so-called “carbon leakage”). This event will explore our understanding and implementation of carbon pricing systems worldwide, as well as how CBAMs can inspire further global progress in this area.
This session will start in
Organiser
TAXUD
Speakers
Gerassimos Thomas
Marcelina Mataveia
Mohammed Chahim
Tim McPhie
Anna Luehrmann
Luisa Neubauer
Sheldon Whitehouse
Tags
Industry, Just transition, Carbon Border Adjustment Mechanism
Session number 9.DU.6