COP 29 | Who’s Afraid of Carbon Leakage?
About the Event
As the pace of climate ambition is gradually picking up, so are the concerns about the competitive impact to the industries in the countries adopting carbon pricing. Fears about carbon – and competitiveness – leakage have created serious considerations in many capitals about the ways to address this challenge. While taxing carbon at the border (the famous CBAM!) is one of them, this is not the only alternative moving ahead. Multiple governments are solving a difficult puzzle where a range of trade instruments are on the table waiting to be matched to country-specific situation. This interactive session will dive into trade challenges of industrial decarbonization in the world without global carbon price, analyzing alternatives available to governments taking climate action yet cautious about carbon leakage: subsidies, product standards, and border carbon adjustments
Panel
- Opening remarks: Patricia Fuller, President and CEO, IISD
- Moderator: Alice Tipping, Director, Trade and Sustainable Development, IISD
- Speakers:
- Dandy Rafitrandi, CSIS Indonesia
- OECD (TBC)
- ISO (TBC)
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