On the Borderline: The EU CBAM and its place in the world of tradeUniversity of Cambridge Institute for Sustainability Leadership (CISL)
A new report by University of Cambridge Institute for Sustainability Leadership (CISL), ‘On the Borderline: the EU CBAM and its place in the world of trade’ launched on 25 October shows unilateral action is risky but may be needed to achieve net zero by 2050.
A new independent review from CISL and Cambridge Econometrics outlines the strengths and weaknesses of carbon border adjustment mechanisms (CBAMs) in light of the EU’s proposal for a CBAM as part of the Fit for 55 Package published on 14 July 2021.
‘On the Borderline: The EU CBAM and its place in the world of trade’ examines the economic, environmental, legal and political dimensions of CBAMs. The report highlights the need for any future proposal to be carefully crafted to remain consistent with international trade law and to minimise risks of trade disputes and retaliation. The report concludes that an EU CBAM could form an important, and possibly necessary, part of the EU’s ambitions to reach net-zero emissions by 2050.
Access the recording of the high-level launch event here.