Tuesday 31st October, 14.00 – 15.15pm CET

Join leading researchers as they present the initial findings and recommendations from Climate Strategies’ latest report on international cooperation on Border Carbon Adjustments (BCAs). Experts will discuss the international state of play on climate-trade policy cooperation and assess the strengths, weaknesses, and future of international cooperation on BCAs.

Background

International cooperation on climate change and trade is intensifying through a range of initiatives, including the G7 Climate Club, transatlantic talks on a Global Arrangement on Sustainable Steel and Aluminium (GASSA), and new discussions at the World Trade Organization. At the same time, major trading nations have begun to adopt a host of trade-related measures to support their domestic industries in the transition to net zero – the EU’s Carbon Border Adjustment Mechanism (CBAM) being a notable example. As more jurisdictions consider introducing their own Border Carbon Adjustments (BCAs), lack of coordination threatens to exacerbate trade tensions, erect new barriers to international trade, and sour diplomatic relations at a time when cooperation is essential to closing the climate policy ambition gap.

Against this backdrop, the Making the Trade System Work for Climate 2.0 project investigates how international trade policy can be amended to better support global climate targets – with a focus on Border Carbon Adjustment (BCA) and the potential of plurilateral agreements to increase climate-trade policy efficacy.

During this webinar, you will hear from our research team and leading experts in the field, as they discuss the initial findings and recommendations from the project´s report on international cooperation on BCAs. Specifically, the webinar will address the following questions:

  • What is the state of play of international cooperation on climate and trade?
  • What are the prospects for new initiatives such as the G7 Climate Club and GASSA?
  • What are the implications of existing or proposed BCAs (including CBAM) for countries outside of those agreements?
  • What should international cooperation on BCAs try to achieve? What are the limitations of international cooperation?
  • What are the strengths and weaknesses of different existing and emerging forums for international cooperation?
  • How can international cooperation on border carbon adjustments reflect the interests of countries in the Global South?

Speakers will include MIT, University of Cambridge, Climate Leadership Council, Bruegel, and the University of Eastern Finland.

14.00-14.10Welcome by moderator Michael Mehling, Executive Director, Center for Energy and Environmental Policy Research at MIT
14.10-14.30Presentation of the report Harro van Asselt, Professor of Climate Law, University of Cambridge

Further reflections by Kasturi Das, Institute of Management Technology, Ghaziabad, Delhi NCR
14.30-15.00Responses
– Catrina Rorke, Senior Vice President, Policy and Research, Climate Leadership Council
– Kateryna Holzer, University of Eastern Finland
– David Kleimann, Visiting Fellow, Bruegel
15.00-15.15Q&A with audience