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Border Carbon Adjustment in the EU: EP draft position
January 12 @ 14:00 - 16:00
The European Green Deal has strengthened the level of climate ambition, increasing the asymmetry of climate efforts by aiming to achieve climate neutrality in the European Union by 2050. This raises the question of how to deal with competitive pressure and carbon leakage, also considering the COP26 outcomes and pushing Border Carbon Adjustments (BCAs) to the front as a possible unilateral solution.
Since the beginning of the CBAM Project, ERCST presented the Sectoral CBAM Report with a deep dive into the specificities of individual sectors as well as issues and options of the general CBAM Design. It was followed by the Proposal and discussed with multiple stakeholders in the EU and internationally. The reactions to the EU Proposal were presented in September together with the Brief for Policy Makers.
Now the EU institutions are presenting their positions. European Parliament after the Own Initiative exercise is starting the discussion on the Report which will lead to formulation of the negotiating position and ultimately to the shape of the EU CBAM in the trilogues later in the year.