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19 July 2021

Tuesday, July 27 2021 | What you should know about the European carbon border adjustment mechanism (4 pm BST)

European leaders have recently committed to reducing emissions in the Union by at least 55% by 2030 (compared with the 1990 level). To achieve such a steep improvement, a complex and holistic legislative package — Fit for 55 — was presented by policymakers on 14 July 2021.

One of the most consequential legislative proposals included in the above-mentioned package is the carbon border adjustment mechanism (CBAM). This mechanism is intended to impose a levy on products from certain sectors imported into the European Union from countries that do not put a price on greenhouse gas emissions. The implementation of such a mechanism will be complex and will have a major impact on global operations and international commerce.

How will your company be affected?

In this webcast, we will explore the proposed CBAM architecture, its expected financial impact and the implications it will have on operations and the competitive landscape.

Join us as we discuss the following topics:

Broader context of the proposal

  • CBAM design and mechanics

  • International implications, including possibility of CBAMs in other jurisdictions and emerging climate regimes

  • Compliance and preparedness strategy, including carbon footprint calculation and impact assessment

  • Trade considerations

    Date: Tuesday, 27 July 2021

    Time: 16:00–17:00 BST; 11:00-12:00 EDT New York; 8:00–9:00 PDT Los Angeles

    Registration: Register here.

    Panelists

    Cathy Koch, Partner, Ernst & Young LLP (US); EY Global Sustainability Tax Co-leader and EY Global Tax Policy Network Leader

  • Alenka Turnsek, Partner, EMEIA Sustainability Tax Services, Ernst & Young LLP (UK)

  • Kasia Klaczynska Lewis, Partner, Sustainability Law, Ernst & Young Law Talasiewicz, Zakrzewska i Wspolnicy sp.k.

  • Akshay Honnatti, Senior Manager, US Sustainability Tax Leader, Ernst & Young LLP (US)

  • Richard J. Albert, Partner, Indirect Tax, Global Trade, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

    Moderator

    Paul Naumoff, Principal, Ernst & Young LLP (US), Global Incentives, Innovation and Location Services and Global Co-Leader Sustainability Tax

    Learn about and register for EY's Global webcasts

    You can learn about and register for any EY Global webcast here.

    Document ID: 2021-5781

     
     

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