In early 2022, IEEP created the Green Trade Network, a group of experts from over 20 European research organisations working on the trade and environment nexus. You will find here information on the network's activities as well as the editorial from its latest newsletter. Don't hesitate to subscribe!
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The French Presidency of the Council announced that reaching an agreement on CBAM will be one of its top priorities. As discussions have intensified both in the European Parliament and between Member States, the Green Trade Network issues this Summary for EU decision-makers highlighting four mutually reinforcing essential principles to be respected to deliver on a robust, effective and ambitious CBAM.
The EU Carbon Border Adjustment Mechanism (CBAM) proposal, as it currently stands, is legally sound but requires to be improved through a more rapid phase-out of free allowances and the mobilisation of revenues for climate justice.
The European Green Deal, followed by the Trade Policy Review, highlights the EU’s commitments to ‘greening’ the Union’s trade and trade policy, including a promise to improve the mainstreaming of social and environmental sustainability concerns in EU Free Trade Agreements (FTAs). However, despite years of promising rhetoric, EU trade is not yet making a positive contribution to sustainable development.
IEEP has submitted feedback to the European Commission's public consultation on the review of the Trade and Sustainable Development (TSD) Chapter action plan.