Despite the benefits of the Carbon Border Adjustment Mechanism (CBAM) within the EU economy, the impact it will have on EU global trade partners remains unclear. SPES partners from PEP – Partnership for Economic Policy in their SPES Focus “A GVAR analysis of the macroeconomic effects of the Carbon Border...

The European Union has made significant progress in reducing CO2 emissions in recent decades, partly due to the implementation of the EU Emissions Trading System (EU ETS). However, the decline in emissions has not been matched by an equally substantial reduction in the continent's carbon footprint. To remedy this problem,...