EU Parliament ratifies the creation of the first carbon border adjustment mechanism (CBAM)

2023-05-02T10:01:33+02:00

It is an environmental protectionist measure that aims to tax imported emissions at the European carbon price and to reduce the risks of relocation to "free-riding" countries. On 22nd of June, the European Parliament voted to create a carbon border adjustment mechanism. The creation of this border carbon tax [...]