30 min
#119 FEPS Talks: The Carbon Border Adjustment Mechanism in the EU and the World FEPS Talks
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- Politics
In this podcast Mohammed Chahim, Vice President of the S&D group a gives a broad overview of the rationale for and the functioning of as well as the political debates on the proposal of a European Carbon Border Adjustment Mechanism (CBAM). MEP Chahim, who is the rapporteur for the proposed CBAM regulation, outlines the role of the proposed mechanism for establishing a global level playing field in a world of unequal carbon prices. In addition, he touches on the issues of how a CBAM can replace the allocation free allowances and how the revenues raised via the adjustment mechanism can be used for international climate finance. He also reflects on some broader issues such as the role of carbon pricing in decarbonising European industries and on how the persistence of subsidies to carbon intensive processes has in the past delayed the transformation towards climate neutrality. Finally, MEP Chahim explains some of the amendments that he has proposed for the CBAM regulation such as a shorter phase out period for free allowances.
In this podcast Mohammed Chahim, Vice President of the S&D group a gives a broad overview of the rationale for and the functioning of as well as the political debates on the proposal of a European Carbon Border Adjustment Mechanism (CBAM). MEP Chahim, who is the rapporteur for the proposed CBAM regulation, outlines the role of the proposed mechanism for establishing a global level playing field in a world of unequal carbon prices. In addition, he touches on the issues of how a CBAM can replace the allocation free allowances and how the revenues raised via the adjustment mechanism can be used for international climate finance. He also reflects on some broader issues such as the role of carbon pricing in decarbonising European industries and on how the persistence of subsidies to carbon intensive processes has in the past delayed the transformation towards climate neutrality. Finally, MEP Chahim explains some of the amendments that he has proposed for the CBAM regulation such as a shorter phase out period for free allowances.
30 min