What is the EU's Carbon Border Adjustment Mechanism (CBAM)?
~ Following the announcement of the bill on July 14 ~
On July 14, the European Commission announced the climate change legislation package "Fit for 55" (FF55). In the package, CBAM (Border Carbon Adjustment
Mechanism) is expected to play a central role in the comprehensive proposal.
As a measure against carbon leakage, the mechanism aims to equalize the carbon prices of EU products and imported products from outside the region and prevent production transfer to countries where climate change measures are looser than in the EU. But on the other hand, it is also expected to promote greenhouse gas reduction efforts in countries outside the EU and to motivate them to take climate change measures at the same level as the EU.
In this webinar, the presenter Mr. Hurtado who was directly involved in the establishment of the bill at the Directorate General of Taxation and Customs of the European Commission will talk directly about the mechanism of CBAM, the introduction schedule and scope, coordination with related countries and international organizations such as WTO.
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1. Date and time: Wednesday, October 6, 2021 16: 00-17: 00 Tokyo (9: 00-10: 00 Brussels)
2. Languages: English and Japanese (with simultaneous interpretation)
16: 00- (9: 00-) Opening remarks
Philippe DE TAXIS DU POET, Managing Director, European side of the EU-Japan Centre for Industrial Cooperation
16:00 to 16:40 (9:00 to 9:40) Presentation
Vicente HURTADO ROA ,Head of Unit of Indirect Taxes other than VAT in the DG TAXUD (Taxation and Customs Union), European Union
16: 40-17: 00 (9:40-10: 00) Q & A / Discussion
Moderator: Yasuo TANABE, Managing Director, Japanese side of the EU-Japan Centre for Industrial Cooperation
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