CEFS position on Carbon Border Adjustment Mechanism (CBAM)
Carbon Border Adjustment Mechanism (CBAM) Achieving carbon neutrality by 2050 is the EU Green Deal’s core objective. However, in a globalised economy without common greenhouse gas (GHG) reduction standards, differences in ambition levels are inevitable. This creates a risk of carbon leakage, where production shifts from the EU to countries with lower environmental standards. [...]