The proposed EU carbon border adjustment mechanism (CBAM) is meant to control imports of high-carbon goods from places that are not bound by Europe’s rising de-carbonisation rules. The obvious targets are commodities like steel, aluminium and cement. But it could be extended to all EU imports, including agricultural products. Michel Colombier at IDDRI warns that the EU is in danger of not listening nearly enough to its trading partners. He … [Read more...]
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