While the UNFCCC postponed its 26th Conference of the Parties to next year, USCIB has remained active in its policy advocacy on international climate change. Most recently, USCIB Vice President for Strategic International Engagement, Environment and Energy Norine Kennedy spoke in a virtual “USA-EU Town Hall on Border Carbon Adjustments.”
The June 17 event was organized by the European Roundtable on Climate Change and Sustainable Transition (ERCST) and the Nicholas Institute for Environmental Policy Solutions at Duke University.
“Border Carbon Adjustment cannot be viewed in isolation; it is connected to carbon pricing, taxation and carbon offsets, that need to be taken into consideration when discussing this topic,” said Kennedy during her remarks.
The town hall discussion focused on the role that Border Carbon Adjustments (BCAs) may play as part of the EU Green Deal proposal and associated stimulus package. This concept aims to tackle asymmetry in climate ambition under the Paris Agreement, from carbon leakage and competitiveness standpoints.
“We need to develop and design policies that are fit for purpose and work in synergy with multilateral trade in order to successfully overcome climate challenges and fulfil the Paris Agreement goals,” added Kennedy.
USCIB strongly favors multilateral cooperative approaches and policies not only in the climate space, but also via the United Nations and other international organizations.