Elisabetta Cornago
@elisabettaco.bsky.social
Economist. Assistant director at the Centre for European Reform, Brussels. Working on EU climate & energy policy. Previously OECD, IEA, Université Libre de Bruxelles.
The EU was an early mover in climate action, relying on regulation and carbon pricing to prompt decarbonisation investments. As a result, the bloc leads in all kinds of machinery for clean electrification and had been expanding its presence in global exports of hybrid and electric vehicles.
February 19, 2025 at 2:39 PM
The EU was an early mover in climate action, relying on regulation and carbon pricing to prompt decarbonisation investments. As a result, the bloc leads in all kinds of machinery for clean electrification and had been expanding its presence in global exports of hybrid and electric vehicles.
8. How will producers of CBAM goods react once fees are in place as of 2026? It will depend on their exposure to EU exports, on their competitive advantage vs European counterparts, incl on their carbon intensity and on the added cost of CBAM. Several scenarios, sequential rather than alternative:
December 4, 2024 at 2:32 PM
8. How will producers of CBAM goods react once fees are in place as of 2026? It will depend on their exposure to EU exports, on their competitive advantage vs European counterparts, incl on their carbon intensity and on the added cost of CBAM. Several scenarios, sequential rather than alternative:
5. But looking at trade volumes only tells one part of the story. A country’s CBAM exposure depends on its dependence on exports to the EU, on its industries’ carbon emissions intensity, and on whether it applies a carbon price. The World Bank has created a helpful indicator to portray this:
December 4, 2024 at 2:32 PM
5. But looking at trade volumes only tells one part of the story. A country’s CBAM exposure depends on its dependence on exports to the EU, on its industries’ carbon emissions intensity, and on whether it applies a carbon price. The World Bank has created a helpful indicator to portray this:
4. Who’s most affected by CBAM? CBAM covers only few industries for now – iron and steel, aluminium, cement, fertilisers, electricity and hydrogen. The countries that export the biggest volumes of these goods to the EU are mainly large rich economies, but developing countries will also take a hit.
December 4, 2024 at 2:32 PM
4. Who’s most affected by CBAM? CBAM covers only few industries for now – iron and steel, aluminium, cement, fertilisers, electricity and hydrogen. The countries that export the biggest volumes of these goods to the EU are mainly large rich economies, but developing countries will also take a hit.
1. Impacts on trade: so far, trade flows appear unaffected by the EU CBAM. This is unsurprising: importers of CBAM goods from outside the EU must deal with bureaucratic costs like estimating embedded carbon and reporting on it, but CBAM will only impose carbon prices gradually and starting in 2026.
December 4, 2024 at 2:32 PM
1. Impacts on trade: so far, trade flows appear unaffected by the EU CBAM. This is unsurprising: importers of CBAM goods from outside the EU must deal with bureaucratic costs like estimating embedded carbon and reporting on it, but CBAM will only impose carbon prices gradually and starting in 2026.
Is the European power grid ready for the energy transition? @centreeuropeanref.bsky.social is organising a timely panel discussion on this on November 22 in Brussels/online: note that the COM will publish its action plan to facilitate grid roll-out just a week later. Registration info below!
November 2, 2023 at 1:50 PM
Is the European power grid ready for the energy transition? @centreeuropeanref.bsky.social is organising a timely panel discussion on this on November 22 in Brussels/online: note that the COM will publish its action plan to facilitate grid roll-out just a week later. Registration info below!
Interesting chart in the @financialtimes.com : the cost of climate change impacts -- read recent weather events -- is already visible for most EU firms.
To all those claiming the energy transition and climate action more broadly are expensive: yes, but doing nothing is not costless.
To all those claiming the energy transition and climate action more broadly are expensive: yes, but doing nothing is not costless.
October 12, 2023 at 11:27 AM
Interesting chart in the @financialtimes.com : the cost of climate change impacts -- read recent weather events -- is already visible for most EU firms.
To all those claiming the energy transition and climate action more broadly are expensive: yes, but doing nothing is not costless.
To all those claiming the energy transition and climate action more broadly are expensive: yes, but doing nothing is not costless.