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The Carbon Border Adjustment Mechanism: Overview of the EU proposal

André, Nicolas
(2022)

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Supervisors
Defraigne, Jean-Christophe
Faculty
Louvain School of Management
Degree label
Master de spécialisation en entreprises et politiques économiques européennes
Abstract
The European Green Deal, announced in 2019, contains several policies which are supposed to lead to a reduction of carbon emission of 55% for 2040. One aim of this plan is to modernize the ETS (European Trading System) which rules the carbon pricing in the EU. This reform goes through the end of the free allowances and the creation of a Carbon Border Adjustment Mechanism (CBAM). This measure imposes a carbon tariff for certain goods entering the EU. If the policy tool is still negotiated – a test phase should begin in 2023 –, it has already been widely discussed in the litterature. This thesis details the EU proposal of CBAM and its potential impact on the EU economy and on third countries. It presents the potential issues that the measure could raise, an example being a conflict with WTO rules. Finally, different policy recommendations are addressed.