Episode 2: How the EU CBAM is reshaping climate action with Prof. Dr. Daniel Klingenfeld of the German Emissions Trading Authority
In this episode of ICAP's Carbon Market Conversations, host Trevor Laroche-Theune discusses the EU carbon border adjustment mechanism (CBAM) with Prof. Dr. Daniel Klingenfeld of the German Emissions Trading Authority (DEHSt). Today’s conversation covers CBAM’s expected international implications, the current status of implementation processes since the introduction of the instrument’s transitional phase in 2023, and the challenges and opportunities that lie ahead. A more detailed breakdown of the topics explored and where you can listen to them is listed below.
You can listen to this episode on the following platforms:
Breakdown of topics covered and correspoding segments
1:15 - Introduction to our guest, Prof. Dr. Daniel Klingenfeld of the German Emissions Trading Authority
2:12 - CBAM explainer
4:00 - CBAM implementation timeline
4:55 - CBAM’s current and expected impacts on climate ambition and emissions levels
7:42 - Most affected countries
10:00 - Influence of CBAM on recent global carbon pricing developments (Türkiye example)
11:53 - Other CBAM proposals (United States example)
13:40 - Comparing excise duties on fossil fuels to carbon pricing through a CBAM lens
15:15 - CBAM’s effect on Germany and importers’ perspectives
17:48 - Standard factors for carbon content vs. actual emissions data
18:27 - CBAM actor line of responsibilities
20:48 - Insights from first few months of implementation
23:05 - Deadline for emissions data
24:00 - Further challenges and opportunities in CBAM’s transitional period
27:14 - The core challenge of technical implementation that we must get right and how we can work toward solutions
30:00 - Closing remarks
More information about the German Emissions Trading Authority (DEHSt) and CBAM can be found below:
German: https://www.dehst.de/CBAM
English: https://www.dehst.de/cbam
