Trade and climate change: managing policies on the road to net zero | LSE Event

Trade and climate change policies have become increasingly interwoven. Subsidies for green industries often provoke tariffs, such as US actions over Chinese solar panels and electric vehicles. The European Union’s Emission Trading System (ETS) has set an increasingly high price on carbon emissions. But if high emission industries like steel, simply relocate and European consumers then buy the imported steel, this “carbon leakage” undermines the original policy. To tackle this problem, the European Union has introduced the Carbon Border Adjustment Mechanism (CBAM) which seeks to tax such imports to prevent carbon leakage - and to encourage other countries to also introduce carbon taxes. The UK is planning the same. But many countries are unhappy, claiming this is simply disguised protectionism.
To debate these issues, we bring together one of the designers of the CBAM, former MEP Luis Garicano, an LSE economic policy expert together with Maisa Rojas Corradi from Chile, a representative of the global South who potentially lose out from these policies. Catherine Wolfram who served in Joe Biden’s administration, will give a US perspective. The event will begin with opening remarks by Professor Robin Burgess, Professor Economics and Director of the International Growth Centre at LSE.
Speakers:
Professor Luis Garicano
Professor Maisa Rojas Corradi
Professor Catherine Wolfram
Chair:
Professor John Van Reenen
#NetZero #Events #London
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[@annicemahmood6462]

Extremely topical