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Europe’s Carbon Border Adjustment Mechanism to Set New Rules for Global Trade

A report by Wood Mackenzie claims that the new carbon tax will accelerate decarbonisation, but will lead to higher prices

According to the latest report by Wood Mackenzie Horizons, the Carbon Adjustment Mechanism (CBAM), a policy that will force producers of goods imported into the European Union (EU) to pay a tax on emissions, should accelerate decarbonization, but will also lead to a sharp increase in prices in several sectors.

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