CBAM and Net-Zero

The first half of the session explored 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.

The UKTBC Commission recognises the importance of decarbonisation process globally and the further importance of ensuring that efforts by the UK government align with our EU counterparts.