Publications of the Project: Competitiveness and Resources for Industry Transition – Stakeholder Perspectives

Reforming Carbon Border Adjustment Mechanisms: European Industry Perspectives on a Path Forward: An Effective Carbon Price with a ‘Climate Contribution’

The EU and the UK have recently developed Carbon Border Adjustment Mechanisms (CBAM) to account for the carbon cost embedded in imported products. • There are three major drawbacks to the current design of the CBAM targeting process-specific emissions. Circumvention risks, a lack of export coverage and a scope limited to upstream producers create risks of leakage of emissions and industrial production. ...