On Tuesday 25 July 2023 (11:30-13:00 CEST), the Trade & Industrial Policy Strategies (TIPS) is hosting the hybrid Development Dialogue on Implications of a Carbon Border Adjustment Mechanism (CBAM): Global South perspectives.
The CBAM is a carbon border tax on embedded greenhouse gases of carbon-intensive products imported into the European Union. In 2019, the EU introduced the Fit for 55 policy package, which aims to reduce the EU’s net greenhouse gas emissions by 55% by 2030 compared to 1990 levels and achieve carbon neutrality by 2050. Included in the policy package is the CBAM.
This dialogue will focus on issues that arise from the introduction of these green trade (climate change) policies, specifically looking into the CBAM, and how countries in the Global South (including BRICS) can respond to these issues.