Who Gets a Say in Finalizing the European Carbon Border Adjustment Mechanism?
With the European Union’s publication of its Communication on The European Green Deal in December of 2019, a proposal for a Carbon Border Adjustment Mechanism (CBAM) was promised. The declared intention was to ‘level the economic playing field’ globally and adjust the price of carbon emissions on imported goods to match the EU carbon price. This way ‘carbon leakage’, the relocation of production processes to countries with more lenient greenhouse gas emission…
