The First CEPR/EAERE Webinar on Climate Policy: The Carbon Border Adjustment Mechanism took place on May 7, 2021 from 5.00 to 6.30 pm CEST.

The Climate Policy Webinar Series (CPWS) is a webinar series featuring invited speakers in the area of climate policy. It is aimed at experts working in governments, international organizations, the private sector, academics and the media. It runs online on a monthly basis starting in May 2021 and is organized jointly by the Centre for Economic Policy Research (CEPR) and the European Association of Environmental and Resource Economists (EAERE).

The first three events have been respectively to the Carbon Border Adjustment Mechanism (CBAM), the EU Green Deal, and the EU recovery plan.

There were three presentations of 25 minutes each, respectively by:

Luis Garicano (EU Parliament)
Carolyn Fischer (Vrije Universiteit Amsterdam)
Samuel Kortum (Yale University)

These presentations have been followed by a 15-minute debate moderated by Christian Gollier (Toulouse School of Economics and CEPR).

The EU Parliament has recently proposed a framework for a carbon border adjustment mechanism (CBAM), which would be an extension of the ETS, requiring importers to purchase allowances for the volume of carbon emissions incorporated in their products. Carolyn Fischer, Samuel Kortum and David Weisbach will explore the economic and political issues associated with this proposal aimed at leveling the playing field and at fighting the carbon leakage inherent to the renewed EU ambition on climate change.


Carlo Carraro (Università Ca' Foscari di Venezia and CEPR)
Ottmar Edenhofer (Potsdam Institute for Climate Impact Research)
Christian Gollier (Toulouse School of Economics and CEPR)