How CBAM can become a steppingstone towards carbon pricing globally
EUI, STG, Policy Brief, 2023/06
DELBEKE, Jos, VIS, Peter, How CBAM can become a steppingstone towards carbon pricing globally, EUI, STG, Policy Brief, 2023/06 - https://hdl.handle.net/1814/75472
Retrieved from Cadmus, EUI Research Repository
Following the introduction of the EU’s Carbon Border Adjustment Mechanism (CBAM), this policy brief considers issues relating to its implementation, in particular the possibility to reduce CBAM liability if a carbon price has already been paid in the country of origin of the goods. This provision is designed to incentivise the use of carbon pricing across the world. However, the legal text leaves room for interpretation and the EU will have to clarify these issues further in the coming months. This offers a golden opportunity to encourage carbon pricing in third countries, whether regulatory or non-regulatory, and thereby strengthen global action to address climate change.
Cadmus permanent link: https://hdl.handle.net/1814/75472
Full-text via DOI: 10.2870/603414
Series/Number: EUI; STG; Policy Brief; 2023/06
Publisher: European University Institute
Sponsorship and Funder information:
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.