On the global stage, countries have been reacting to the developments surrounding the EU CBAM, and we can expect to see some follow suit. Ideally, there would be international coordination of these emerging policies; they have high-stakes implications for international trade, international equity, and climate diplomacy. Some have suggested that BCAs could be an essential element of “climate clubs” or “climate alliances”, acting both as a common tariff-like wall, and as incentive to join. Others have called for international agreement on principles and best practice. Consequently, the exact role of the CBAM on the international arena remains a subject of debate, even as the EU process moves forward.

This session, convened by ERCST on the basis of its extensive work on the EU CBAM, brought together global thought leaders on international climate cooperation, CBAM, and climate clubs to discuss current developments and promising options moving forward.

Draft Agenda    ERCST Slides    Recording