US special climate envoy John Kerry called the EU’s proposed Carbon Border Adjustment Mechanism (CBAM) “a reasonable idea” in an interview with Euractiv.
Since the publication of the European Commission’s proposal in July (see EUROPE B12762A5), many of the EU’s partner countries, including the United States, have expressed concern about the economic impact of the CBAM.
“We are exploring this and other ideas. It may become a tool that we have no choice but to use if other...