Past Event

Carbon Border Adjustment Mechanism: Greening the EU trade?

Assessing CBAM from a trade perspective.

Date: February 4, 2021, 1:00 pm Topic: Global economy and trade

video & audio recordings

Bruegel · Carbon Border Adjustment Mechanism Greening the EU trade | 4 February 2021

With the European Green deal, the EU has set a target of reducing the bloc’s carbon emissions by 55 per cent by 2030. In the upcoming June, the European Commission will submit a proposal for a carbon border adjustment mechanism (CBAM), in order to protect the EU against distortion of competition and against the risk of carbon leakage.

While CBAM aims to support the EU’s green objectives, it raises concerns on international trade, and some argue that this could easily slide into unfair advantage and European protectionism. How can we prevent this from happening? And how will CBAM reshape global trade?

We started the event with the presentation of a proposal for a European CBAM by MEP Luis Garicano, after which a panel of speakers discussed trade aspects of CBAM.

Presentation by Luis Garicano

Schedule

Feb 4, 2021

13:00-13:15

Presentation

Luis Garicano, Vice-President of the Renew Europe

13:15-13:45

Panel discussion

Chair: André Sapir, Senior Fellow

Suman Bery, Non-resident Fellow (on leave for public service)

Luis Garicano, Vice-President of the Renew Europe

Emily Lydgate, Senior Lecturer, University of Sussex

13:45-14:00

Q&A

Speakers

Suman Bery

Non-resident Fellow (on leave for public service)

Luis Garicano

Vice-President of the Renew Europe

Emily Lydgate

Senior Lecturer, University of Sussex

André Sapir

Senior Fellow

Location & Contact

Katja Knezevic

[email protected]

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