Australian Trade Minister Dan Tehan expressed his concerns about the EU’s future Carbon Border Adjustment Mechanism (CBAM) in a 29 June online discussion hosted by Politico.
“The Carbon Border Adjustment Mechanism runs the risk of enhancing protectionism. And that, I think, would be detrimental to global growth and to free trade globally”, he said.
Mr Tehan also raised concerns about the tool’s compliance with World Trade Organization (WTO) rules, as the EU allocates free carbon...