Understanding the Carbon Border Adjustment Mechanism
The Europe Desk
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Understanding the Carbon Border Adjustment Mechanism
This chapter explores the Carbon Border Adjustment Mechanism (CBAM) and its interplay with the European Emission Trading System (ETS). It highlights the significance of fair competition between EU and non-EU producers, the mechanisms to prevent carbon leakage, and the implications for high carbon emission sectors. Additionally, it discusses the importance of international cooperation in achieving climate goals while ensuring robust carbon accounting standards.
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