New Delhi [India], February 26 (ANI): The European Union’s (EU) forthcoming Carbon Border Adjustment Mechanism (CBAM) is anticipated to yield only marginal reductions in global carbon emissions while modestly affecting trade flows, particularly in Asia and the Pacific, according to a recent study by the Asian Development Bank (ADB).
CBAM, slated to be operationalized in 2026, will entail import levies on carbon-intensive
EU carbon tariff alone won’t curb global emissions, urges broader climate action: ADB
