The EU proposal for a carbon border adjustment mechanism (“CBAM”) – implications for third countries
On 14 July 2021, the European Commission released its proposal for a regulation establishing a carbon border adjustment mechanism (“CBAM”) as part of its toolbox to meet the objective of a climate-neutral Union by 2050. The CBAM requires the importers of cement, electricity, fertilisers, iron & steel and aluminium products to pay for the GHG emissions embedded in the imported products.
The webinar co-hosted by Van Bael & Bellis and RRH Consultores with speakers from Ukraine, Mexico and the United States examined what will be the implications of CBAM, in its currently proposed form, on trade with third countries, and whether it can effectively tackle the problem of carbon leakage and help reducing GHG emissions.
Philippe De Baere, Managing Partner, Van Bael & Bellis
Ricardo Ramírez Hernández, Founder and Partner, RRH
Taras Kachka, Deputy Minister, Trade Representative of Ukraine
Gary Clyde Hufbauer, Non-resident senior fellow, PIIE
Samantha Atyade Arellano, Partner, RRH
Tetyana Payosova, Associate, Van Bael & Bellis
Adriana Pérez-Gil, Associate, Van Bael & Bellis
Joanna Redelbach, Associate, Van Bael & Bellis