Climate Finance Expert - Eurocham Vice-Chair of Green Growth Sector Committee - Externalities pricing - Community Empowerment - Resilient Cities - ESG KPIs - Quantum - NFT - NatureFintech - ARTivist - Impact investing
CBAM, or the Carbon Border Adjustment Mechanism, is a policy tool used to address carbon leakage and promote greener practices by imposing tariffs on imported goods based on their carbon content. The mechanism aims to level the playing field between domestic products, which are often subject to strict environmental regulations, and imported goods from countries with looser regulations. Why CBAM is strategic? - Climate Change Mitigation: By taxing imports based on their carbon footprint, CBAM incentivizes foreign producers to adopt cleaner technologies and reduce emissions, thereby contributing to global efforts to mitigate climate change. - Economic Competitiveness: It prevents domestic industries from being at a disadvantage compared to foreign competitors who might not face the same environmental regulations, thus maintaining fair competition. - Encouraging Global Standards: CBAM can drive international standards for carbon emissions, encouraging countries with less stringent environmental policies to enhance their climate actions. - Revenue Generation: The tariffs collected can be used to fund further climate initiatives and green technologies, creating a positive feedback loop for environmental sustainability. - Transition to a Green Economy: By making carbon-intensive goods more expensive, CBAM promotes the transition towards a low-carbon economy and supports the development of sustainable industries.
🌿 [Luther Vietnam x SAP] 𝐀𝐝𝐯𝐚𝐧𝐜𝐢𝐧𝐠 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐓𝐫𝐚𝐝𝐞: 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐨𝐫𝐝𝐞𝐫 𝐀𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 (𝐂𝐁𝐀𝐌) 🌐 🎯 Opportunities and Challenges for Vietnamese Businesses 🎯 🌱 #Vietnam is accelerating its shift toward a sustainable, circular, and green economy. Understanding the evolving global trade dynamics around environmental standards and carbon pricing is now becoming more and more crucial for businesses with stakes in the country. This palpable transition concerns the majority of Vietnam's economic engine, which is mostly comprised of small and medium-sized businesses facing large international challenges. New offshore regulations minted by Vietnam’s big trade partners, like the #EuropeanUnion’s Carbon Border Adjustment Mechanism (#CBAM) present a new set of challenges to local players. 🌏 The expert speakers of this highly relevant event will help you discover how your business can mitigate the risks and capitalize on the intrinsic opportunities of the green transition towards carbon neutrality. This insightful seminar organized by SAP and featuring Leif D. Schneider – Legal Counsel from Luther Vietnam, will equip your business with the knowledge and strategies needed to thrive in international markets and teach you how to become a preferred partner for European importers. 🔑 Key Takeaways: ✅ Understand the Carbon Border Adjustment Mechanism (CBAM) and its implications; ✅ Gain insights from legal & industry experts on navigating environmental regulations; ✅ Learn how to integrate your business in global value chains that prioritize sustainability; ✅ Network with like-minded businesses and stakeholders in the green economy arena. 🔊 Secure your spot now to position your company as a driving force behind the fight against climate change: 📅 Date: June 6, 2024 ⏰ Time: 9:30am – 12:30pm 📍 Venue: Hôtel des Arts Saigon, MGallery Collection, Ho Chi Minh City 👉 Registration (free of charge): https://lnkd.in/gKwm4qKW ✉ To receive comprehensive guidance on doing business in Vietnam or to arrange an individual consultation with our expert legal team, feel free to reach out to us at vietnam@luther-lawfirm.com 💻 or visit our website at: https://lnkd.in/gtrC_8-y #SustainableBusiness #VietnamBusiness #GlobalTrade #CBAM #CarbonBorderAdjustment
