Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Thematic Session: Trade implications of different climate policy regimes (Streaming) Location: B008 Session Chair: Zoi Vrontisi, Ricardo PLC Session Chair: Srishti Goyal, Ricardo PLC | |
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European climate policy under trade fragmentation: Fit-for-55, steel decarbonisation, and macroeconomic impacts CMCC Foundation - Euro-Mediterranean Center on Climate Change, Italy This paper assesses how European climate policy outcomes are shaped by an increasingly fragmented global trade environment. Focusing on the EU Fit-for-55 package, it analyses the interaction between climate ambition and recent trade disruptions affecting energy-intensive industries, with particular attention to steel. By combining detailed representations of energy-system transformation with a global computable general equilibrium framework, the analysis captures both technological feasibility and economy-wide adjustment mechanisms along the transition path. Two key results emerge. First, the paper quantifies economy-wide feedbacks associated with steel decarbonisation under EU climate policy. Second, while EU decarbonisation targets remain technically achievable, trade fragmentation amplifies economic adjustment costs and regional disparities. These findings underscore the importance of aligning climate, industrial, and trade policies to support a resilient lowcarbon transition. | |