As the CBAM Experiment Begins All Eyes Are on Europe
More than a year has passed since the European Union started its Carbon Border Adjustment Mechanism (CBAM) transitional period. There is still a long way to go before we know whether the new trade policy will serve as a lasting solution to the issue of taxing carbon.
In the fight against climate change and the rise of greenhouse gas emissions, countries have looked for solutions to slow the increase in carbon output. Now they are turning to a new system of quantifying and disincentivizing certain goods.
Alayna Tria spoke to The Energy Pioneer about CBAM and its impact.
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