The EU Carbon Border Adjustment Mechanism: New Green Trade Restrictions to Impact Businesses in India
CBAM, or the Carbon Border Adjustment Mechanism, is designed to ensure fair competition by addressing the cost of carbon paid by EU installations that follow the EU Emissions Trading System (ETS), and imported products. However, CBAM has been criticized as it will restrict trade, especially for developing countries like India, which has set a target of becoming carbon neutral by 2070. Read more