“If we all move in the direction of decarbonising our economy, of moving towards net zero, then we will all need to take comparable measures”, said European Commission Vice-President in charge of the European Green Deal, Frans Timmermans, on Wednesday 10 November, during a speech at the 26th session of the United Nations Climate Change Conference (COP26).
The European initiative of the Carbon Border Adjustment Mechanism (CBAM) has, for the time being, been received coldly by the...