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Event

CBAM and carbon pricing: forging fair paths to climate stability

How will the EU's CBAM affect global trade, economic inequality, emissions reduction, and international cooperation on carbon pricing?

Time and location
22 May 2024 12:00-14:00 Rue de la Charité 33, 1210, Brussels
Format
Public, Hybrid, On the record, Livestreamed
Contact
Matilda Sevón Anastasiia Zaitseva
Partners
EU-Japan Center for Industrial Cooperation（EUJC）

Speakers

A man in a suit and glasses, with dark hair and grey beard

Toshi Arimura

Faculty Fellow, RIETI; Professor of environmental economics and a Director of the Research Institute for Environment Economics and Management, Waseda University

a man in glasses and in a blue green patterned shirt

Shujiro Urata

Chairman Emeritus, Research Institute of Economy, Trade and Industry (RIETI)

Olha-Yevstihnieieva

Olha Yevstihnieieva

Advocacy Manager of Green Deal Reforms in Ukraine, PhD Student in Climate Economics, National Academy of Science of Ukraine

Agenda

Check-in & lunch

12:00-12:30

Agenda

Welcoming remarks

12:30-12:40

Agenda

Panel discussion

12:40-13:45
  • Chair: André Sapir, Bruegel Senior fellow
  • Toshi Arimura, Faculty Fellow, RIETI; Professor of environmental economics and a Director of the Research Institute for Environment Economics and Management, Waseda University
  • Ignacio García Bercero, Bruegel Non-resident fellow
  • Catherine Stewart, Deputy Director for Trade Policy, HM Treasury
  • Olha Yevstihnieieva, Advocacy Manager of Green Deal Reforms in Ukraine, PhD Student in Climate Economics, National Academy of Science of Ukraine

Agenda

Q&A

13:45-14:00

Event's materials

Toshi Arimura:

A Japanese perspective on CBAM and Carbon pricing

The event had a look at the EU's carbon border adjustment mechanism, its economic effects on trading partners, and how the EU can better cooperate with other parties on carbon pricing. CBAM is on track to being implemented, but specific implementation legislation is still being developed. Meanwhile, there are concerns that CBAM may make many developing countries worse off. Will the result be a 'climate club' of developed nations trading with each other, and increasing global inequality? Will CBAM have significant benefits in reducing global emissions? How should implementing legislation be fine-tuned? And how can the EU cooperate with others to promote carbon pricing outside its own borders?

In partnership with:

RIETI logo
EUJC logo
Theme
Energy and climate policy
Keyword
decarbonisation climate change
Language
English

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