Earlier this year the European Commission announced plans to introduce a Carbon Border Adjustment Mechanism (CBAM), which would apply to a targeted list of carbon-intensive imports into the bloc.
The CBAM aims to ensure that the EU’s own ambitious climate action initiatives are not undermined through “carbon leakage” – in effect, the offshoring of carbon-intensive production to jurisdictions with unpriced carbon. Whilst other G7 countries may follow suit with similar or even coordinated measures, the EU’s proposal has already faced a hostile reaction from some quarters.
Our panel of international trade and sustainability lawyers (drawn from Pinsent Masons, Fasken and Baker Hostetler), hold a transatlantic discussion on the global reaction to the CBAM proposal. The panel will also consider the prospect of certain G7 countries taking coordinated, plurilateral climate action through so-called “climate clubs”, as well as the future of the WTO’s Agreement on Subsidies and Countervailing Measures in light of the now widespread adoption of “green subsidies”.
- Nabila Abdul Malik, Associate, Fasken
- Dr. Totis Kotsonis, Partner, Head of Subsidies, Procurement, Trade Agreements and Trade Remedies, Pinsent Masons
- Michael Snarr, Partner, Co-leader of the International Trade team, Baker Hostetler
- Michael Watson, Partner, Pinsent Masons
- 9:00 am - 10:00 am (ET)
This program will be conducted as a live webinar
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