EuroMeSCo Joint Policy Study on Implementing the CBAM in the EU’s Southern Neighbours

August 2, 2024
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EuroMeSCo has published a new joint policy study: Implementing the CBAM: How Are the EU’s Southern Neighbours Preparing and What Can the EU Do to Help? Authored by Michael Jakob, Celine Yazbek, Jean-Claude Al Khalil, Yasmine Kamal, Myriam Ramzy, and Larbi Toumi, the study examines the effects of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on its Southern Mediterranean neighbours, including Algeria, Egypt, Libya, Morocco, Tunisia, and Turkey.

 

The CBAM, part of the European Green Deal, aims to prevent carbon leakage by imposing carbon pricing on certain imports to align with EU emissions standards. The study finds varied exposure levels among these countries due to differing economic dependencies and trade relations with the EU. Although the immediate macroeconomic impact appears limited, concerns remain about sector-specific vulnerabilities and social repercussions, particularly for workers in emission-intensive industries.