10th edition «The Global Annual Energy Meeting» | Event 3: The External Effects of the EU’s CBAM

At the 10th edition of the Global Annual Energy Meeting, Esade’s Center for Global Economy and Geopolitics (EsadeGeo) is hosting, together with the Representation of the European Commission in Spain and EIT InnoEnergy, a series of events to explore the social, economic and geopolitical impacts of the Fit for 55 legislative package, which aims to enable the EU to reduce its greenhouse gas emissions by 55% by 2030.

The final session in the event series will focus on the EU’s proposed Carbon Border Adjustment Mechanism (CBAM) and its external effects. This session will bring together think tank and academic experts to discuss how the CBAM can act as an enabler for international climate cooperation.

Can the CBAM create incentives for exporters to adjust their practices and emulate EU policies? What impact will the tool have on developing countries and how does the CBAM rhyme with climate cooperation with the Global South, particularly in light of the UNFCCC negotiations? How can international coordination on border carbon adjustments be strengthened through international agreements or so-called “climate clubs”? These questions and others will be addressed during the session.