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EsadeGeo senior fellow Omar Rachedi sits down with Andrei Marcu to unpack the EU’s flagship tool against climate-dumping: the Carbon Border Adjustment Mechanism (CBAM). 

In this episode they explore how CBAM is intended to level the playing field for European industry, the practical hurdles companies face when measuring embedded emissions, and whether the scheme can survive WTO scrutiny. They also debate the “Brussels Effect”: will CBAM nudge other jurisdictions, from Turkey to the United States, toward carbon-pricing systems of their own, or ignite a new cycle of trade tensions?

Andrei Marcu is the founder and executive director of the European Roundtable on Climate Change and Sustainable Transition (ERCST). A veteran of three decades of international climate diplomacy, Marcu helped design the original EU Emissions Trading System and has advised governments, multinationals and NGOs on market-based climate policies. Before launching ERCST he served as senior climate adviser at the International Emissions Trading Association and headed climate strategy at Enel. His career bridges negotiation rooms, boardrooms and think-tank roundtables, making him one of Europe’s foremost voices on carbon markets and border-adjustment debates.

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