Last month, history was made as the world’s first carbon border pricing mechanism came into force. The Carbon Border Adjustment Mechanism (CBAM) is intended to support the European Union (EU) in meeting its net-zero goals, and even out the price of carbon for imported goods and those made in the EU.
The regulation will send shockwaves through global supply chains and trade flows all over the world. In essence, carbon pricing no longer has a border. It is not just Europe that is zeroing in on product emissions, with nearly a quarter of emissions globally currently covered by carbon pricing schemes. Regulators from the UK to…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
