Since 2019, ERCST has built up solid experience on BCAs and carbon leakage issues in the EU context. The ERCST Team has accompanied the CBAM file from its earliest stages in the legislative process, providing analytical input to the discussion on BCAs and fostering an informed debate with domestic and international stakeholders. At this event, […]
On the 21st of March, Andrei Marcu, Executive Director of ERCST, spoke at the CEPR Research and Policy Network on Climate Change, Hybrid Webinar ‘Economics of Border Adjustments’. Agenda Recording
The European Commission has put forward a proposal for a Carbon Border Adjustment Mechanism (CBAM) which is the subject of ongoing discussions in the European Parliament and the Council. The lead committee on the CBAM in the European Parliament, ENVI, is voting on the final set of amendments on May 17th. This is a decisive […]
Since 2019, ERCST has built up solid experience on BCAs and carbon leakage issues in the EU context. The ERCST Team has accompanied the CBAM file from its earliest stages in the legislative process, providing analytical input to the discussion on BCAs and fostering an informed debate with domestic and international stakeholders. One of the […]
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 […]
One of the crunch issues in the debate on the EU CBAM is the question of international cooperation on and around the CBAM. A prominent feature here are proposals of forming a carbon club or carbon alliance of countries implementing carbon pricing. In this scenario, a BCA could act as an incentive to other countries […]
One of the most critically important issues concerning CBAM, yet to be resolved, is the question of how to compare the level of effort in third countries’ climate policies to that of the EU, in order to determine crediting against the CBAM. The US, for example, has embarked on a suite of transformational climate-related initiatives […]
One of the most critically important issues of CBAM, yet to be resolved, is the question of how to compare the level of effort in third countries’ climate policies to that of the EU, in order to determine crediting against the CBAM. The US, for example, has embarked on a suite of transformational climate-related initiatives […]
On December 13th the European Parliament and the Council reached a political agreement to introduce an EU Carbon Border Adjustment Mechanism. Although not part of the initial European Commission Proposal, CBAM will also apply to hydrogen together with cement, iron and steel, aluminium, fertilisers, and electricity. During this meeting we took stock of the implications […]
On December 13th the European Parliament and the Council reached a political agreement to introduce an EU Carbon Border Adjustment Mechanism. Although not part of the initial European Commission Proposal, CBAM will also apply to hydrogen together with cement, iron and steel, aluminium, fertilisers, and electricity. During this meeting ERCST presented the assessment’s conclusions concerning […]
The EU ETS and CBAM are key drivers to achieve industrial decarbonization and secure a prosperous and industrial EU, but they must be accompanied by flanking measures to be effective in a context where they must face other decarbonisation approaches such as the Inflation Reduction Act (IRA) in the US and significant subsidies for green […]
Online event. Following the CBAM regulation officially entering into force on the 16 May 2023 we gathered at this International Townhall to explore the practical implications of the Carbon Border Adjustment Mechanism (CBAM). The event focused on when the rubber hits the road, providing insights into the implications of operationalising CBAM and the necessary steps […]
The Use of CBAM Revenues
