Panel co-sponsored by the Wahba Institute and Konrad-Adenauer-Stiftung.

With the European Union proceeding with a Carbon Border Adjustment Mechanism (CBAM), the Wilson Center's Wahba Institute in partnership with Konrad-Adenauer-Stiftung engaged with seven US House / Senate offices to explore how US CBAM proposals compare and contrast.

Explores how differing economic structures pull the Atlantic partners apart (US - energy exporter, EU - energy importer), but how rising deficits may nudge them to align on a market based approach.

“It will be interesting to see what the final Treasury regulations are able to do, but many believe this is going to require a legislative fix,” Kennedy said. “The accommodations that are so far in the Treasury ruling are not of great significance related to the concerns the European community has.” Kennedy argued that Washington should have negotiated with all its major industrial partners before passing such a sweeping piece of legislation. “Climate concern is a global concern,” he added. “Having a more coordinated approach to it, as opposed to something that moves down a protectionist path, is more likely to achieve the climate objectives in an efficient manner.”

“America needs to prioritise coordination and cohesion with allies to be successful in its StrategicCompetition with authoritarian powers."

"I am pleased that the Biden administration has agreed to discuss South Korea's concerns regarding the Inflation Reduction Act," he said in an email interview with The Korea Times. "Just as America wants to ensure that others abide by the terms of trade agreements, it is important that America does so as well."

Issued university system's first sustainability report.