Thank you all. This was a very informative and connected to the current situation. The big question remains what is the best way to tackle the climate isse and the business participation is smooth. Possibly there is a need to create different solution for different situation. At the same time the compatibility.
31:00 I don't think you realize but your argument is actually helps the case for a CBAM. The EU has two types of emissions 1, domestic production and 2, imported production. You say the EU should reduce its emissions taking into account both, because currently the EU only reduces its domestic emissions. This can only happen in two ways: 1, the EU is onshoring more production, so its domestic ETS covers more goods. But you think its unfair because its shift production back to the EU and developing nations will miss out on export revenue. 2, the EU expand its ETS to imported goods (CBAM). But you think its also unfair because developing nations will miss out on export revenue. Sorry but either the EU is doing enough emission reduction and we let the developing nations pollute more OR the EU is not doing enough and we have to onshore production or have a CBAM. You cant have it both ways.
Thank you for the detailed study and report
Thank you all. This was a very informative and connected to the current situation. The big question remains what is the best way to tackle the climate isse and the business participation is smooth. Possibly there is a need to create different solution for different situation. At the same time the compatibility.
Good one. Next time, invite Dubrink as they make CBAM reporting from a matter of weeks to a matter of minutes. 💡
31:00 I don't think you realize but your argument is actually helps the case for a CBAM. The EU has two types of emissions 1, domestic production and 2, imported production. You say the EU should reduce its emissions taking into account both, because currently the EU only reduces its domestic emissions. This can only happen in two ways:
1, the EU is onshoring more production, so its domestic ETS covers more goods. But you think its unfair because its shift production back to the EU and developing nations will miss out on export revenue.
2, the EU expand its ETS to imported goods (CBAM). But you think its also unfair because developing nations will miss out on export revenue.
Sorry but either the EU is doing enough emission reduction and we let the developing nations pollute more OR the EU is not doing enough and we have to onshore production or have a CBAM. You cant have it both ways.