Exclusive interview with MEP Chahim: the Carbon Border Adjustment Mechanism


With the Fit for 55 package, the European Union aims to reduce its carbon emissions by 55 percent compared to 1990 levels by 2030. An essential part of this strategy is the so-called Carbon Border Adjustment Mechanism (CBAM), an extension of the existing Emissions Trading System (ETS). By applying the same rules and levies both to inner-European production and to foreign imports from countries that do not meet the EU’s “climate-friendly” production standards, the CBAM aims to level the playing field between domestic and external producers. Continue Reading