Recap: Expert Q&A on UK CBAM Considerations for the Tech Sector
A CBAM is a government policy aimed at addressing the carbon emissions linked to imported goods by imposing carbon-related costs or tariffs on these items. Its purpose is to prevent carbon leakage, a situation where businesses move their production to countries with lower decarbonisation standards or less stringent carbon regulations to circumvent higher expenses.
During the webinar, techUK members heard from David Neilson, Associate Technical Partner at ERM, as he explained the relationship between CBAMs and Emission Trading Schemes (ETS) and carbon pricing. He discussed the differences between the EU CBAM and UK proposals and walked members through the potential implications for the tech sector.
Members had the opportunity to interact with our speaker and ask questions about the impact of CBAMs on sector competitiveness, issues from misaligned timelines between the EU and the UK, impacts on R&D, and other topics.
Slides and recording can be found below:
We are currently collecting feedback on the first draft of our response to the government’s consultation on UK CBAM. If this is of interest, please ensure you send your input to [email protected].
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