On Wednesday 22 June the European Parliament adopted by a large majority (450 votes in favour, 115 against and 55 abstentions) the draft report by Mohammed Chahim (S&D, Netherlands) on the introduction of a ‘Carbon Border Adjustment Mechanism’ (CBAM) in the European Union.
“Thanks to the CBAM, the EU will finally have a tool to incentivise our global trading partners to decarbonise their manufacturing industries, as no matter where you pollute, you will now have to pay for it, if...