Title: Building bridges:Border carbon adjustment and the multilateral trading system
Organizer: International Institute for Sustainable Development (IISD)
Border carbon adjustment (BCA), also carbon border adjustment mechanism, (CBAM) is a tool of climate policy with profound trade impacts and is the subject of growing international interest, as well as controversy. This session will look past the headlines to explore, with the input of leading policy experts, the possibility of building common ground on principles and best practices in the design and implementation of BCA. It will assess what elements are good candidates for common ground, ask where discussions might take place, and consider what prospects there
are for this common ground to act as a bridge between the objectives and principles of climate change action and the multilateral trading system, with particular attention to the principles of special and differential treatment and common but differentiated responsibilities and respective capabilities.