The EU’s Carbon Border Adjustment Mechanism: A Pivotal Step in Global Climate Policy

The European Union’s Carbon Border Adjustment Mechanism (CBAM) may not be a household name yet, but its implications for international trade and climate policy are profound. Let’s delve into the intricacies of this mechanism and understand its potential impact on the global stage.

Decoding the CBAM

At its core, the CBAM is a policy tool designed to level the playing field between European industries and their international counterparts. As the EU intensifies its…