CBAM and Net Zero

This session took place on 19th October 2023 and was split into two halves. The first half covered the EU’s introduction of a CBAM (Carbon Border Adjustment Mechanism). The challenges of not being aligned with the EU in this respect, and paying a high price for embedded carbon in exports to the EU, may become more apparent as the CBAM implementation process gathers pace. The second half of the session examined overall issues pertaining to Net Zero and trade, considering the Government’s recent policy blitz on Net Zero and looking at trade as part of a means of reaching Net Zero, rather than an obstacle to it.

Witnesses

Panel one:

Luca Taschini, Professor,  University of Edinburgh Business School

Laura Kelly, Director, Shaping Sustainable Markets, International Institute for Environment and Development

Chimdi Obienu, Research Consultant, Carbon Economy, EcoAct

Panel two:

Esin Serin, Policy Fellow, Grantham Research Institute, LSE

Gudrun Cartwright, Climate Action Director, Business in the Community

Jonny Peters, Senior Policy Advisor, E3G