A Brave New World of Border Carbon Adjustments

This engaging and thought-provoking roundtable discussion tackled one of the most critical and complex issues at the intersection of climate policy and international trade – Border Carbon Adjustments (BCAs). As governments responded to the urgent need to reduce carbon emissions and combat climate change, BCAs emerged as a key policy tool to enable ambitious increases in carbon prices, but they also triggered concerns about equity, accessibility, and development.

The session brought together experts, policymakers, and industry leaders in a conversation that unraveled the intricacies of BCAs, their challenges and implications, as well as their role in worldwide efforts to decarbonize industry. The discussion covered the challenges, as well as the opportunities presented by the looming global rise of BCAs and honed in on immediate priorities for international cooperation on this brand new trade instrument.