Mr. Andrei Marcu
Executive Director of the European Roundtable on Climate Change and Sustainable Transition (ERCST)
The EU Carbon Border Adjustment Mechanism (CBAM) is an instrument for the import of goods from outside the EU, addressing the risk of carbon leakage. This mechanism, regulated in Regulation 2023/956 of the European Parliament and of the Council of May 10, 2023, sets a fair price for the carbon emitted during the production of carbon-intensive goods and encourages cleaner industrial production in non-EU countries. The EU.
The CBAM Regulation officially entered into force on the day following its publication in the Official Journal of the EU, on May 16, 2023. The CBAM will begin to apply on a transitional basis on October 1, 2023 and the first declaration period for importers will end on January 31, 2024.
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