The EU’s Carbon Border Adjustment Mechanism (CBAM) is set to significantly impact global trade. This new regulation aims to prevent “carbon leakage” by requiring importers of certain goods to report and eventually pay for the carbon emissions embedded in those products.
The EU’s Carbon Border Adjustment Mechanism (CBAM) is set to significantly impact global trade. This new regulation aims to prevent “carbon leakage” by requiring importers of certain goods to report and eventually pay for the carbon emissions embedded in those products.