The event had a look at the EU's carbon border adjustment mechanism, its economic effects on trading partners, and how the EU can better cooperate with other parties on carbon pricing. CBAM is on track to being implemented, but specific implementation legislation is still being developed. Meanwhile, there are concerns that CBAM may make many developing countries worse off. Will the result be a 'climate club' of developed nations trading with each other, and increasing global inequality? Will CBAM have significant benefits in reducing global emissions? How should implementing legislation be fine-tuned? And how can the EU cooperate with others to promote carbon pricing outside its own borders?