What are 'embedded emissions' and can global trade help reduce them?
Release Date: 09/04/2025
Radio Davos
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info_outlineRadio Davos
The global economy is moving from experiencing "episodic shocks" to "a new operating regime, one that is defined now by persistent disruption." So says Wayne Best, chief economist at Visa, as he gives his take on the Chief Economists Outlook, the World Economic Forum's regular pulse check of the world economy and where it is headed. Episode page with transcript: Links: Chief Economists Outlook: Related podcasts: Check out all our podcasts on : - : - : - : Join the :
info_outlineThe European Union is implementing a 'Carbon Border Adjustment Mechanism' (CBAM) that will levy a fee on importing certain goods that are produced in countries that lack regulations forcing producers to cut their greenhouse gas emissions.
It's an idea that other countries are considering, but is also hugely complex and may be challenged by exporter countries. Two expert guests explain the policy and its implications for business and global trade.
Speakers:
Aaron Cosbey, Senior Associate, International Institute for Sustainable Development (IISD)
Dandy Rafitrandi, researcher at the Department of Economics, Centre for Strategic and International Studies (CSIS), Indonesia
Kimberley Botwright, Head, Sustainable Trade, World Economic Forum (co-host)
Links:
World Economic Forum Centre for Regions, Trade and Geopolitics: https://centres.weforum.org/centre-for-regions-trade-and-geopolitics/home
Emissions in trade: Where are they and how do we measure them?: https://www.weforum.org/stories/2025/03/emissions-in-trade-how-we-measure-them/
CBAM: What you need to know about the new EU decarbonization incentive: https://www.weforum.org/stories/2022/12/cbam-the-new-eu-decarbonization-incentive-and-what-you-need-to-know/
What future for climate and trade? Scenarios and strategies for carbon competitiveness?: https://www.weforum.org/publications/what-future-for-climate-and-trade-scenarios-and-strategies-for-carbon-competitiveness/
Countries must deal with imported emissions in a fair and flexible way: https://www.climatechangenews.com/2025/08/27/countries-must-deal-with-imported-emissions-in-a-fair-and-flexible-way/
European Commission on CBAM: https://trade.ec.europa.eu/access-to-markets/en/news/carbon-border-adjustment-mechanism-cbam
International Institute for Sustainable Development: https://www.iisd.org/
Centre for Strategic and International Studies: https://www.csis.or.id/
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It was ‘no deal’ on a global plastics treaty - so what happens now?: https://www.weforum.org/podcasts/radio-davos/episodes/plastics-treaty-inc5-gpap/
Tariffs, globalization, and democracy, with Harvard economist Dani Rodrik: https://www.weforum.org/podcasts/radio-davos/episodes/dani-rodrik-economics-globalization-tariffs/
The global economy 'at a crossroads' ahead of Davos: Chief Economists Outlook: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-ralph-ossa-wto/
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