Climate and Trade: on the road to COP26

What would an increase in carbon pricing mean for global emissions and macroeconomics?

Moderator:
Rem Korteweg, Senior Research Fellow, Clingendael Institute

Panellists:
Christian Bluth, Senior Expert, Bertelsmann Stiftung
Emily Lydgate, Senior Lecturer in Environmental Law, University of Sussex

This podcast episode was recorded on July 6, 2021

The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system.

In the year of COP26, the 2021 United Nations Climate Change Conference, ambitious climate policies are needed to address the climate crisis. But what does this mean for trade, when frequently globalization and global trade measures are accused of imperiling the climate agenda.

In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Christian Bluth, Senior Expert, Bertelsmann Stiftung, and Emily Lydgate, Senior Lecturer in Law, University of Sussex. Listen as they discuss the value of the European Union’s proposed carbon border adjustment mechanism (CBAM), and the role of carbon clubs in combatting the climate crisis.

Is a CBAM the correct tool to deal with the climate challenge? Can a CBAM work for both developed and developing countries; or is there a trade-off between being ambitious and inclusive? How can China, the world’s largest climate emitter, be brought into a carbon club? And what role will the World Trade Organization play in allowing carbon clubs to emerge?

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