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ERCST x WEF: Scenarios and Strategies for Carbon Competitiveness
26 26+01:00 October 26+01:00 2022 @ 13:30 - 15:00
This meeting is by invitation only. If you are interested in attending, please contact firstname.lastname@example.org.
This Roundtable on Scenarios and Strategies for Carbon Competitiveness is to be held on Wednesday 26 October, 13.30-15.00 CEST, at the ERCST Offices (Rue Archimède 61, 1000 Brussels). The roundtable is co-convened by the European Roundtable on Climate Change and Sustainable Transition (ERCST) and the World Economic Forum.
The discussion will focus on the relationship between carbon pricing and trade. As carbon pricing instruments grow worldwide, so too has interest in border carbon adjustments (BCAs), as a policy tool to mitigate carbon leakage. An energy crisis, particularly in Europe, is also setting a new context for industrial competitiveness that will affect the climate action agenda. It is not clear, at the moment, how or where governments will choose to address BCAs and/or carbon leakage in international or regional forums.
Participants will work through a set of four possible future scenarios on carbon pricing and trade to reflect on these policy interactions and potential developments. The conversation will then focus on actions different actors – both public and private – could take to reach one scenario versus another.
The roundtable is held off the record to allow for a frank exchange. It will inform further work in this area from both convening organisations – including at COP27 in November.