What helps the climate and industry?

CBAM or Climate Club – What helps the climate and industry?

The industries affected by the planned introduction of a Carbon Border Adjustment Mechanism (CBAM) are particularly concerned with the question of how CBAM can be an effective instrument against carbon leakage. Or, perhaps, there are alternative tools to achieve the goal of CO2 reduction while keeping European industry competitive at the global level. The EU Green Deal calls for an international carbon market and the German government proposed the idea of a plurilateral Climate Club.

This event aims to discuss advantages and disadvantages of both proposals and addresses questions such as: How must the external dimension of the “Fit for 55 Package” be designed to support and protect European primary industry? What are the expected implications of a CBAM introduction? Where would a Climate Club offer added value? And what is the interconnection between both concepts?

Speakers

• Professor Galina Kolev, Senior Economist, IW Köln
• Bernd Lange, MEP, Chair of the Committee on International Trade (INTA)
• Martin Theuringer, Managing Director, German Steel Federation WV Stahl
• Gerassimos Thomas, Director General, Directorate-General for Taxation and Customs Union (TAXUD)

Moderation

• Pierre Gröning, Executive Director, German Chemical Industry Association (VCI)