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 […]
Following the CBAM regulation officially entering into force on the 17 May 2023, a number of delegated and implementing acts will determine some key details of the CBAM. One of these implementing acts will determine the detailed rules on the methods and process for crediting carbon prices paid in the country of origin. The ERCST […]
This was an online event. Following the CBAM regulation officially entering into force on the 17 May 2023 this event focuses on the international negotiations on an EU-US Global Arrangement on Sustainable Steel and Aluminum, exploring a viable path forward for that agreement and the role in that path of the CBAM. The ERCST launched […]
This was an in-person event. Since 2019, ERCST has gained expertise in BCAs and carbon leakage in the EU, guiding the CBAM legislation from its early stages and facilitating informed discussions with global stakeholders. Redshaw Advisors provides strategic insights into EU ETS legislation, including CBAM, cost forecasts, MRV requirements, and risk management for entities impacted […]
The Climate-Trade Nexus Assessment Workshop in Sao Paolo, Brazil, jointly organized by the ERCST and Agroicone, was successfully held on March 18th, 2024. The workshop aimed to explore how trade-related climate measures could accommodate different climate policies across developing country trading partners. Attendees discussed existing and potential measures and their implications, as well as the […]
The Use of CBAM Revenues
