EU urged to consider impact of new climate mechanism on developing countries
The Carbon Border Adjustment Mechanism (CBAM) comes into force in 2023 as part of new measures to cut carbon dioxide (CO2) emissions, including taxes on imports such as oil, coal and gas. In tandem with the EU announcement, UNCTAD has published a report examining the potential implications for countries both within and outside the regional bloc. “Climate and environmental considerations are…
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