March 12, 2024

What's CBAM?
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What’s CBAM? Unveiling the European Union’s Carbon Border Adjustment Mechanism

The Carbon Border Adjustment Mechanism (CBAM) is a groundbreaking policy initiative by the European Union (EU) aimed at reducing carbon leakage and promoting a level playing field in the global market. It is a key component of the EU’s European Green Deal and the Fit for 55 package, which seeks to cut greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels.

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