A report by think tanks Sandbag and E3G that was commissioned by Energy Foundation China and published on Tuesday, 31 August, reveals that the Carbon Border Adjustment Mechanism (CBAM) would have a low impact on importers.
The authors believe that importing companies will pass CBAM costs on [to consumers] in the price of products. “The net CBAM cost for importers, which factors in the recovery through higher market prices, is significantly lower than the CBAM fees. Overall, the total...