Making carbon border adjustment proposals WTO-compliant

Stefano Moritsch and Craig Emerson examine whether Carbon Border Adjustment Mechanisms (CBAMs) could be compatible with World Trade Organization (WTO) rules.

KPMG’s Global Responsible Tax project recently held a roundtable in collaboration with KPMG IMPACT, to look at the technical difficulties of designing a Carbon Border Adjustment Mechanism (CBAM). This roundtable invited experts from the World Bank, UN, IMF, OECD, the Potsdam Institute for Climate Impact Research and the University of Central Florida. KPMG prepared a briefing document to help inform discussion at this roundtable and examines at a high level whether a CBAM could be compatible...

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Published Date: 19 April 2021