What is CBAM? “CBAM” stands for Carbon Border Adjustment Mechanism and is one of the key elements of the European Union’s (“EU”) “Fit for 55”-package. The CBAM’s main objectives are to avoid carbon leakage, contribute to the EU’s goal to be climate neutral and encourage partner jurisdictions to “decarbonize” their production processes by leveling the … Continue reading Carbon Border Adjustment Mechanism (CBAM): the EU agreement to decarbonize the EU economy