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Climate Alert: EU Carbon Border Adjustment Mechanism (CBAM)
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Energy and Climate

Climate Alert: EU Carbon Border Adjustment Mechanism (CBAM)

Jan 31, 2024
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Policy Risk Report
Policy Risk Report
Climate Alert: EU Carbon Border Adjustment Mechanism (CBAM)
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Policy: The European Union’s carbon tariff, known as the Carbon Border Adjustment Mechanism (CBAM), was imposed to protect against “carbon leakage” and ensure that trade with countries with weaker carbon standards do not undermine EU pollution standards. It also aims to provide an incentive for domestic consumers to buy imports from countries that have …

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