CBAM and the Foreign Pollution Fee Act: Transatlantic Dialogue on Carbon Border Measures
10:00am - 11:00am EST
4:00pm - 5:00pm CET
5:00pm - 6:00pm EET
About this event
Border carbon adjustments (BCAs) are gaining traction in a rapidly evolving global trade landscape. These policies, by placing a price on the carbon emissions embedded in imported goods, can serve multiple purposes, including helping to meet environmental and competitiveness goals.
One of these policies, the EU’s landmark Carbon Border Adjustment Mechanism (CBAM), will enter its definitive phase in January 2026. Across the Atlantic, the United States is pursuing similar objectives albeit through a different approach: the Foreign Pollution Fee Act, a new version of which was introduced into the 119th Congress by Senators Bill Cassidy (R-Louisiana) and Lindsey Graham (R-South Carolina) last April.
GMF is pleased to host a discussion on the key questions shaping CBAM and the proposed Foreign Pollution Fee Act. The event will explore the aims of the two pieces of legislation, their ability to be effective, and their impact on European and US industry and global markets. It will also examine whether BCAs are an area of potential transatlantic convergence.
Event Speakers
Penny Naas
Acting Senior Vice President, GMF Innovation and CompetitivenessPenelope (Penny) Naas is a global public policy leader who designs strategies on international economic issues that sit at the nexus of geopolitics, trade, and climate. She is an adviser for TradeExperettes, a g...