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Observatorio EsadeGeo Fundación Repsol de Geopolítica de la Transición Energética
Online · Wednesday, April 23 · 10:00 h-11:00 h
The European Union (EU) is leading global efforts to address climate change through ambitious policies aimed at reducing emissions. However, its integration into global supply chains has given rise to the phenomenon known as climate dumping, in which carbon-intensive products manufactured in countries with less stringent environmental regulations enter the EU at a lower cost. This creates a competitive disadvantage for European companies, which must comply with strict climate policies, while undermining the EU's goal of reducing its overall climate impact.
To address this challenge, the EU has introduced the Carbon Border Adjustment Mechanism (CBAM), a pioneering policy designed to level the playing field and incentivize stricter climate regulations globally. The entry into force of the CBAM raises key questions about its economic, environmental, and geopolitical implications. This webinar, organized by EsadeGeo and Fundación Repsol, will serve as a platform for discussion, addressing the following questions: How can CBAM strike the right balance between maintaining the EU's climate ambitions and avoiding trade tensions with global partners? Can the EU ensure its compatibility with WTO rules? Are complementary policies, such as climate finance or trade diplomacy initiatives, needed to facilitate a just transition?
Welcome and Introduction
Omar Rachedi, Senior Fellow, EsadeGeo
Raquel Guindo Martín, Open Room Coordinator, Fundación Repsol
European Commission’s CBAM strategy moving forward
Vicente Hurtado Roa, Head of Unit C.2, CBAM, Energy and Green Taxation, Directorate-General for Taxation and Customs Union (DG TAXUD), European Commission
Challenges of CBAM for the Private Sector and key strategies to adapt effectively
Dan Maleski, Lead CBAM Advisor, Redshaw Advisors, Visiting Research Fellow, Oxford Institute for Energy Studies
Q&A
Moderated by: Omar Rachedi