To unpack how CBAM works and explore whether its design is truly fit for purpose, Pamela Largue spoke with Jostein Røynesdal, Vice President and Head of EU Affairs at Hydro, and Hélène Lavray, Government Affairs Leader Europe for Climate & Energy at Dow. Both highlighted the complexity of the mechanism and warned of potentially serious trade implications.

In this episode of the Energy Transitions podcast, you will learn more about:

• Shortcomings of the current CBAM system and what can be done to fix it;
• What will change this year with the implementation of CBAM, what it means for importers and the resource shuffling that could arise;
• The potential impacts of applying CBAM on electricity;
• How CBAM could impact emissions allowances within the EU ETS and impact European producers;
• The potential pitfalls of administering and reporting;
• The impact of CBAM on developing nations and diplomatic relations;
• Potential impacts on global trade.

Jostein Røynesdal and Hélène Lavray will be speaking at European Industrial Energy Days in a panel discussion entitled, Carbon Costs and Competitiveness: What EU ETS and CBAM means for Industrial Energy Users. Register to meet them in person and join the conversation.