CBAM
**CBAM**
What is CBAM?
CBAM refers to the Carbon Border Adjustment Mechanism. It is a carbon tariff on imports based on the carbon content of products. CBAM is designed to prevent carbon leakage by ensuring that imported goods are subject to a carbon price equivalent to that faced by domestic producers. The European Union is implementing CBAM to address the risk of carbon leakage and encourage cleaner industrial production in non-EU countries. It is commonly used as a trade policy instrument to support climate objectives.
Which job functions commonly mention CBAM?
Which organizations are mentioning CBAM?
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