In collaboration with the Institute of Energy Economics, Japan
The Atlantic Council Global Energy Center and the Institute of Energy Economics, Japan, look forward to your participation in a private workshop discussion on carbon border adjustment mechanisms. The meeting will take place via Zoom, on Wednesday, January 26th, at 8:00 am EST / 10:00 pm JST. Please register below to receive Zoom information. Speakers will discuss the current status of models for carbon border adjustment mechanisms and those models’ potential WTO compliance, challenges to implementation, and trade and geopolitical impacts. Our intention is to cover the debate within the EU on the proposed EU CBAM including the European Parliamentary Rapporteur’s recent rejoinder to the Commission’s proposal; the imminent discussions between the US and the EU on a Sustainable Steel and Aluminium Arrangement; and Germany’s new proposal to promote a carbon club concept among the G7 this year.
Carbon border adjustment mechanisms gained significant momentum in 2021, with the EU’s proposed plan for an EU CBAM within its “Fit-For-55” framework, the “FAIR” Act proposed by Sen. Coons in the United States, and now two additional suggested venues for dealing with trade in carbon-intensive products: a US-EU discussion about how trade rules for steel and aluminum can contribute to global cooperation in decarbonization of those sectors; and a proposed “carbon club” within the G7. As these models continue to develop, understanding their structure, methodology, and potential impact on third-party countries will be critical to ensuring that that the nexus of climate and trade can be a “race to the top” to support both decarbonization and economic growth.
This will be the first of two sessions that the Global Energy Center is hosting in 2022 in collaboration with the Institute of Energy Economics, Japan to gather policymakers, technical experts, and business leaders with the goal of understanding the methodologies of and obstacles to an equitable, WTO-compliant border tax; review the possible geopolitical and geo-economic implications of carbon border adjustments to global trade and the energy transition; and develop a network of expertise to further understand and monitor the impact of the CBA’s in the future. The second workshop will address various methods for carbon accounting within a CBA.
You will be able to join this conversation via the web application Zoom, which is accessible through your web browser, the Zoom desktop or mobile app, and by phone. Please register below in order to receive Zoom information.