Why was the CBAM proposed in the first place? In July 2021, the EU announced its Fit for 55 package - a sweeping set of climate and energy policy proposals which forms the EU’s approach to combat the effects of climate change. This package is the EU’s toolkit for...
Report | A storm in a teacup Impacts and geopolitical risks of the European Carbon Border Adjustment Mechanism. Sandbag and E3G were commissioned by Energy Foundation China to analyse the impact of the CBAM proposed by the European Commission in its Fit For 55...
The impact of the likely Carbon Border Adjustment Mechanism (CBAM) on European importers will be minor, according to a new report by Sandbag and E3G. The CBAM only covers 3.2 percent of goods imported into Europe, but 47 percent of the free emission allowances...
The European Parliament has voted to approve an Own Initiative report on the Carbon Border Adjustment Mechanism (CBAM). However, parliamentarians have missed an opportunity in removing the call for the phase-out of free allocation from the final report. Despite the...
The European Commission’s plan for a Carbon Border Adjustment Mechanism cleared its first hurdle today as the ENVI Committee of the European Parliament passed an own initiative report broadly supportive of the mechanism. The report regards a Carbon Border Adjustment...
The public consultation on the Carbon Border Adjustment Mechanism is coming to a close. The European Commission has been collecting stakeholder opinions on one of its most talked-about policy projects: ensuring that imports to the EU are subject to the same carbon...
As the EU aims for climate neutrality by 2050, the aviation sector is lagging far behind in terms of climate action. Greenhouse gas emissions from aviation are increasing rapidly, and the sector receives many tax exemptions and state subsidies. Within Europe, the main...
An overview of the issues around introducing Border Carbon Adjustments in the EU
The moment when 196 countries signed on to this Agreement and the ratification threshold was met in 2016, the Requiem for inappropriately low carbon prices started playing in the background.
Zhang Yong hailed the dawn of China’s carbon market today