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With the European Green deal, the EU has set a target of reducing the bloc's carbon emissions by 55 per cent by 2030. In the upcoming June, the European Commission will submit a proposal for a carbon border adjustment mechanism (CBAM), in order to protect the EU against distortion of competition and against the risk of carbon leakage.

While CBAM aims to support the EU’s green objectives, it raises concerns on international trade, and some argue that this could easily slide into unfair advantage and European protectionism. How can we prevent this from happening? And how will CBAM reshape global trade?

We started the event with the presentation of a proposal for a European CBAM by MEP Luis Garicano, after which a panel of speakers discussed trade aspects of CBAM.