In its race towards climate neutrality by 2050 and as part of a package of 13 measures, the European Commission presented its plan for a Carbon Border Adjustment Mechanism (CBAM) on Wednesday 14 July.
“This mechanism will be introduced in a prudent, gradual way and it will be fully compatible with the rules of the World Trade Organization (WTO). We will take full account of the carbon price paid in other countries and of the emission efficiency of third country producers so that this...