Carbon Border Adjustment Mechanism (CBAM): the EU agreement to decarbonize the EU economy
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
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