Climate change is a global problem that needs global solutions. As the EU raises its own climate ambition, and as long as less stringent climate policies prevail in many non-EU countries, there is a risk of so-called ‘carbon leakage’. Carbon leakage occurs when companies based in the EU move carbon-intensive production abroad to countries where less stringent climate policies are in place than in the EU, or when EU products get replaced by more carbon-intensive imports.
The EU’s Carbon Border Adjustment Mechanism (CBAM) is a landmark tool to put a fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries. The gradual introduction of the CBAM is aligned with the phase-out of the allocation of free allowances under the EU Emissions Trading System (ETS) to support the decarbonisation of EU industry.
In this one-hour webinar Richard Bartlett will discuss the questions below and explain how you should prepare for CBAM.
You will receive important key information to take away from the session including how to plan your sustainability strategy.
Date: Tuesday 7th May 2024 10.00am to 11.00am
Virtual: Zoom Platform
Cost to attend: FREE
Please note: This event will not be recorded and any material will only be circulated to those that attend.
