.jpg)
Search
As the world grapples with the escalating consequences of global warming, pollution, and resource depletion, curbing carbon emissions has never been more urgent. To help tackle these issues and curb carbon emissions, the European Union introduced its Carbon Border Adjustment Mechanism (CBAM), which is the first carbon border tax in the world. It aims to ensure that imported in the EU carbon-intensive products such as steel, iron, and aluminium bear a similar carbon price to those produced locally. The directive also comes at a time when the EU is raising its climate ambitions by....