BRUSSELS – Today, global tech trade association ITI outlined recommendations to support the implementation of the European Green Deal. In comments submitted in response to the European Union’s impact assessment on a carbon border adjustment mechanism (CBAM), ITI underscored the importance of developing a coordinated approach that reflects the global nature of climate issues and the key role technology will play in achieving the stated objectives of the European Green Deal, including its laudable climate ambitions.
“The technology industry strongly supports the European Union’s (EU) climate and environment ambitions, including those put forward under the auspices of the European Green Deal, and urges industry-led, collaborative policies as a means of achieving these important objectives in the most direct and efficient manner possible,” ITI wrote. “There is no doubt that technology will play a critical role in achieving the objectives of the European Green Deal. We also recognise a role for technology in supporting a Just Transition that leaves no one behind. Technology and data offer new tools to address poverty, reduce or eliminate barriers to participating in the global economy, generate new industries, and create jobs; all of which foster growth and can ultimately contribute to the achievement of climate ambitions.”
In its submission, ITI offered several objectives to bear in mind as the European Commission continues its consideration of a CBAM, such as:
- Preventing market distortions. In considering design options for a CBAM, ITI strongly encourages an approach emblematic of the EU’s long-standing commitments to open markets and multilateralism.
- Committing to future climate innovations. Policies intended to address carbon leakage should be targeted and not unduly limit access to the information and communications technology (ICT) goods and services that play a pivotal role in driving the green transition.
- Respecting and strengthening multilateral commitments. The global nature of climate and environmental issues demands the need to ensure that any policies do not unintentionally render existing processes less efficient or conflict with multilateral commitments in other policy areas.