Mr. Andrei Marcu
Executive Director of the European Roundtable on Climate Change and Sustainable Transition (ERCST)
The Nature Restoration Act is a key pillar of the European Green Deal, which aims to achieve climate neutrality in Europe by 2050. The main goals for the European Green Deal are: reduce greenhouse gas emissions by at least 55% by 2030, boost renewable energies, improve energy efficiency, promote a circular economy and protect biodiversity.
As the European Commission highlights, more than 50% of the global economy depends on natural resources, which are vital for sectors such as construction, agriculture, food and health. Moreover, biodiversity is essential for food security, as more than 75% of crops depend on pollinators. However, current agricultural practices are degrading the environment, being responsible for up to 80% of deforestation and 70% of freshwater consumption, threatening biodiversity.
The adoption of this law in the EU represents an investment in a sustainable and resilient future, aligned with climate and biodiversity objectives, and seeks to ensure a balance between productivity and environmental sustainability.
The gradual introduction of CBAM is in line with the phasing out of the allocation of free allowances under the Community Emissions Trading Scheme (ETS) established under Directive 2003/87/EC to support the decarbonisation of the EU industry.
- Mr. Andrei Marcu,
Director at European Roundtable on Climate Change and Sustainable Transition (ERCST).
- Ms. Irene Vergara, Technical Advisor at the Sub-Directorate General for Carbon Markets, Spanish Climate Change Office (OECC), Ministry for Ecological Transition and the Demographic Challenge.
- Ms. Ariadna Arola, Chief Research and Development Officer, Arola International Trade.
- Mr. Dan Maleski, CBAM Lead, Environmental Markets Advisor, Redshaw Advisors Ltd.
- Mr. George Riddell, Director of Trade Strategy at EY.
Session moderated by Ms. Núria del Pozo, Legal Manager of the Fundación Privada Empresa & Clima.
Executive Director of the European Roundtable on Climate Change and Sustainable Transition (ERCST)
Technical Advisor at the Sub-Directorate General for Carbon Markets, Spanish Climate Change Office (OECC), Ministry for Ecological Transition and the Demographic Challenge
Chief Research and Development Officer at Arola
Director of Trade Policy & Strategy at EY LLP
Legal Advisor at Fundación Empresa & Clima
CBAM Lead, Environmental Markets Advisor, Redshaw Advisors Ltd