Listen to Agnese Ruggiero: Policy Lead at Carbon Market Watch.
In this Frankly Speaking episode we discuss carbon tariffs this week. In May 2023, the European Union's green tariff, known as the Carbon Border Adjustment Mechanism or CBAM, came into force. To go over this development, we welcome one of its key advocates, Agnese Ruggiero, Policy Lead at Carbon Market Watch, an independent watchdog working on carbon pricing, carbon markets and industrial decarbonisation.
Listen in to a conversation about:
“I don't believe that it is a protectionist type of regulation. Having a price on the carbon emitted in Europe is a good tool to incentivize decarbonization. Similarly, putting a price on the emissions that are produced when manufacturing products outside Europe is a good idea to incentivize decarbonization also among trading partners.”
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
