The EU’s Carbon Border Adjustment Mechanism: potential impacts for Brazilian and US exports
February 2, 2023 | 9:00 am EST | 8:00 am CST | 6:00 am PST | 2:00 pm GMT | 3:00 pm CET | 11:00 am BRT
The European Union’s Green Deal is a grand strategic plan for sustainability that aims to reduce the EU’s greenhouse gas emissions by 55 percent by 2030 and bring the EU to climate neutrality by 2050.
As part of the Green Deal, the EU intends to adopt the Carbon Border Adjustment Mechanism, which aims to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU. The European Commission is calling the mechanism a “landmark tool.” But adoption of this mechanism could have significant impacts on international trade.
We explored the legal implications of this mechanism and the impact it may have on Brazilian and US exports.
- Ana Paula Chagas – Partner, Campos Mello Advogados, in cooperation with DLA Piper
- Deanna Reitman – Of Counsel, DLA Piper
- Dr. Markus Gehring – Centre for European Legal Studies, University of Cambridge and Visting Professor, Yale Law School
- Gabriella Dorlhiac – Executive Director, ICC Brazil
- Luciana Martorano – Partner, Campos Mello Advogados, in cooperation with DLA Piper
- Tom Reynolds – Associate, DLA Piper
For more information
Please contact Tamar Tsemach with questions.