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In collaboration with the Institute of Energy Economics, Japan
The Atlantic Council Global Energy Center and the Institute of Energy Economics, Japan, looks forward to your participation in a private workshop on the potential sectoral implementation of a carbon border adjustment mechanism. The meeting will take place via Zoom, on Wednesday, February 10th, at 8:00 am EST / 10:00 pm JST. Please register below to receive Zoom information.
This workshop is the third of four workshops designed to bring together policymakers, academic experts, and business leaders to explore the politics and climate policies shaping Carbon Border Adjustment Mechanisms (CBAs), assess the economic methodologies and implementation of an equitable, WTO-compliant mechanism, review the possible geopolitical and geo-economic implications of CBAs to global trade and the energy transition, and develop a network expertise to further understand and monitor the impact of the CBAs in the future.
This third workshop will focus on the technical, administrative, and legal challenges involved in implementing a carbon border adjustment, and in particular on those involved in taking a sectoral approach to border adjustments. Why are energy-intensive, trade-exposed (EITE) goods considered easier to cover under a CBA mechanism than other goods? Steel, cement, and aluminum in particular are major international EITE industries that account for significant GHG emissions. What are the implications of focusing on these sectors for WTO-compliance and for the effectiveness of such a measure? Other goods, and in particular energy products, offer an additional layer of complexity and demand that any carbon trade measure clarify which scopes of emissions it covers.
This is an off-the-record discussion and will follow the Chatham House Rule. Please register below in order to receive Zoom information.