CBAM in the EU: Impact on the Shipping Sector

This chapter discusses the introduction of CBAM in the EU and its impact on the shipping sector, aiming to prevent anti-competitive challenges for EU companies. It explores the concept of carbon pricing and implications for different countries under the Paris Agreement, highlighting the issue of Indian exporters paying the EU's carbon price. The chapter also discusses the limitations of the Paris Agreement in establishing a global carbon price and the patchwork quilt of compliance markets in different countries.