The Role of CBAM in Combating Carbon Leakage
As the world intensifies efforts to reduce greenhouse gas emissions, one critical challenge remains: carbon leakage. Carbon leakage occurs when industries relocate production to countries with laxer environmental regulations, undermining global climate action. To combat this, the Carbon Border Adjustment Mechanism (CBAM) has emerged as a key policy tool. In this article, we explore CBAM’s role in preventing carbon […]