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Carbon Border Adjustment Mechanism is envisaged under the European Green Deal to reduce the risk of carbon leakage

November 27, 2020 i Sustainable Industry

Carbon border adjustment mechanism (CBAM) is envisaged by the European Green Deal (EGD) as one of the key measures that should contribute to achieving EU’s long-term objective of climate neutrality by 2050 as well as EU’s climate ambition to reduce greenhouse gases emissions by 50–55% from 1990 levels by 2030. In this context, the European Green Deal emphasizes that: “Should differences in levels of ambition…

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