What would an increase in carbon pricing mean for global emissions and macroeconomics? Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: Christian Bluth, Senior Expert, Bertelsmann Stiftung Emily Lydgate, Senior Lecturer in Environmental Law, University of Sussex This podcast episode was recorded on July 6 2021 The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system. In the year of COP26, the 2021 United Nations Climate Change Conference, ambitious climate policies are needed to address the climate crisis. But what does this mean for trade, when frequently globalization and global trade measures are accused of imperiling the climate agenda. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Christian Bluth, Senior Expert, Bertelsmann Stiftung, and Emily Lydgate, Senior Lecturer in Law, University of Sussex. Listen as they discuss the value of the European Union’s proposed carbon border adjustment mechanism (CBAM), and the role of carbon clubs in combatting the climate crisis. Is a CBAM the correct tool to deal with the climate challenge? Can a CBAM work for both developed and developing countries; or is there a trade-off between being ambitious and inclusive? How can China, the world’s largest climate emitter, be brought into a carbon club? And what role will the World Trade Organization play in allowing carbon clubs to emerge? Disclaimer: The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.