The UK Carbon Border Adjustment Mechanism

In this episode, we discuss Carbon Border Adjustment Mechanisms (CBAM): a trade measure that puts a price on the carbon emitted during the production of carbon intensive goods that are entering a country or economic area to encourage cleaner industrial production in those countries and to match the charges domestic producers have to pay for their emissions. The EU already has a CBAM and now the UK is proposing to follow the EU and introduce its own CBAM. How will the UK CBAM work in practice? Will it reduce global greenhouse emissions? And, will the UK meet its objective by having a CBAM up and running by 2027? Joining Chris Horseman (Borderlex) on this podcast are Emily Lydgate (CITP), Chiara Forlati (University of Southampton), Max Mendez- Parra (ODI) and Dongzhe Zhang (CITP).