ERCST’s Executive Director, Andrei Marcu, moderated the Deep Dive session Carbon Border Adjustment Mechanism: A New Era for Global Trade Order, which is part of IETA’s European Climate Summit in Lisbon.

Climate, trade and competitiveness is reaching a fever pitch across the Atlantic. The long-debated CBAM is set to become a reality. This session looked at US’ Inflation Reduction Act (IRA) and the European Green Deal Industrial Plan, as well as delve into the details of EU’s CBAM. It tackled how to protect export industries from potential carbon leakage, looked at ways to prevent circumvention risks, compatibility with WTO regulations, and the global community’s response to the world’s first carbon border tax.

You can find more information about the European Climate Summit on IETA’s website.