The French Presidency of the Council announced that reaching an agreement on CBAM will be one of its top priorities. As discussions have intensified both in the European Parliament and between Member States, the Green Trade Network issues this Summary for EU decision-makers highlighting four mutually reinforcing essential principles to be respected to deliver on a robust, effective and ambitious CBAM.
The Green Trade Network (GTN) is a group of policy experts from 20+ European research organisations, ranging from think tanks to NGOs and academia, conducting evidence-based research and outreach activities on the trade and environment nexus. GTN member organisations are based in 9 EU Member States, but also in the United States of America, United Kingdom and Switzerland. The aim of the GTN is to collectively promote a European agenda for a better alignment of trade policies and trade-impacting measures with key environmental and climate objectives.
- Principle 1: The EU CBAM must be non-protectionist and WTO compliant
- Principle 2: The EU CBAM must strengthen climate action
- Principle 3: The EU CBAM must ensure environmental integrity and be built upon transparent governance and robust verification
- Principle 4: The EU CBAM must be carefully integrated in the EU’s broader climate diplomacy