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Carbon and Controversy: Why we need global cooperation on border carbon adjustment

Abstract: 
“Border carbon adjustment (BCA), long avoided and dismissed as a policy instrument sure to trigger trade disputes and poison the atmosphere of multilateral climate negotiations, is now the subject of earnest discussion among trade and climate policy-makers, civil society, affected industries, research institutes, and inter-governmental organizations. But we’re not yet having the right kind of discussion.” Broad principles and best practices could “guide national efforts at BCA such that the results are more environmentally effective, less trade-disruptive, and more equitable.”
Author: 
Nathalie Bernasconi-Osterwalder, Aaron Cosbey
Institution: 
International Institute for Sustainable Development
Year: 
2021
Region(s): 
Industry Focus: 
Energy
Datatype(s): 
Policies
Theory/Definition