Carbon Border Adjustment Mechanism: its implementation | Peter Vis

This is a podcast of the series “Spot on Climate” of the Climate area of the Florence School of Regulation. In this podcast, Research Associate Albert FERRARI continues the conversation with Peter VIS, Senior Advisor at Rud Pedersen Public Affairs and Senior Research Associate at the School of Transnational Governance. This second episode focuses on the design and implementation of the upcoming EU proposal for Carbon Border Adjustment Mechanism (CBAM), through a discussion on these two questions:

– What advice would you give to the European Commission in developing its proposal?
– Under what conditions could we do without it?

The European Commission will be presenting in June 2021 a proposal for a CBAM for certain imported products to reduce the risk of carbon leakage, which is the risk of companies transferring production to countries that are less strict about emissions. With a CBAM, the price of imports would reflect more accurately their carbon content. This would ensure that the EU’s climate objectives are not undermined by production relocating to countries with less ambitious policies.

Read the STG Policy Brief “A way forward for a carbon border adjustment mechanism by the EU”, Jos DELBEKE, Peter VIS, 2020, Cadmus
https://cadmus.eui.eu//handle/1814/69155
Catch up on the previous episode with Peter VIS on the rationale and challenges of the CBAM:
https://soundcloud.com/fsregulation-energy-and-climate/spot-on-climate-episode-1/s-enD0S62pN5J