CBAMs
Let's Know Things
Colin Wright
4.8 • 593 Ratings
🗓️ 25 April 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
This week we talk about carbon leakage, the EU, and the GDPR.
We also discuss carbon border adjustment mechanisms, globalization, and the Inflation Reduction Act.
Show notes/transcript: letsknowthings.com
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Transcript
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| 0:00.0 | There's a term that's been tossed around for the past decade or so, carbon offshoring, |
| 0:19.9 | sometimes more broadly referred to as emissions |
| 0:22.0 | offshoring, since carbon dioxide is not the only prominent greenhouse gas being churned |
| 0:27.0 | into the atmosphere en masse. And the emergence and popularity of this term has made it easier |
| 0:32.0 | to discuss another concept that has complexified the issue of decarbonizing the planet, |
| 0:37.4 | that of carbon havens. |
| 0:39.4 | Traditionally, when measuring a nation's CO2 or other emissions footprint, we look at the level of CO2 or methane or whatever else emitted within the borders of that nation. |
| 0:50.4 | So the US's CO2 emissions have typically been measured by taking stock of how much carbon |
| 0:55.5 | dioxide is emitted within the borders of the United States, based on records kept by coal |
| 1:01.1 | power plants, by manufacturing statistics, and in some cases more directly, using trackers or |
| 1:06.9 | satellites, or other data collection technologies. The same is true if we want to gauge the methane |
| 1:12.9 | emissions of Vietnam, the nitrogen dioxide emissions of the Netherlands, and so on. These measurements |
| 1:19.1 | are imperfect, but they've generally been used because they're the best estimates we have, combining |
| 1:23.8 | what we know to be true with what we believe to be true, and then adjusting a bit based on what we suspect we're not able to measure, |
| 1:30.5 | but which is still relevant to the data and the decisions we will need to make based on that data. |
| 1:35.9 | The trouble with this approach to measuring emissions, which are often called statistically derived production and manufacturing related emissions, |
| 1:43.8 | or something along those lines, |
| 1:45.7 | is that in the interconnected world we live in, where globalization is on the decline due to |
| 1:51.1 | conflicts between the U.S. and China and Russia and the EU and other foundational economies, but |
| 1:56.8 | is still for the time being, and probably for at least another decade or two, the default |
| 2:01.0 | economic organizational model. Within that context, it's possible to keep the low emissions, |
| 2:06.2 | production, and manufacturing activities within one's own borders, and to then export the more |
... |
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