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Paper launch: framework for the CBAM policy tools
15 15+01:00 December 15+01:00 2021 @ 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 ERCST Team wants to present the Framework for the Policy Tools and examine the Border Adjustment Mechanism in the plethora of Fit for 55 legislative measures.
ERCST’s project on border carbon adjustment is supported by BDI, CEFIC, EBRD, Enel, Eurofer, Eurometaux, Fertilizers Europe, FuelsEurope, HeidelbergCement, the Government of France, the Government of Germany, the Government of Spain, Metinvest, Solvay and SITRA.