The European Union's Carbon Border Adjustment Mechanism (CBAM) is designed to incentivize non-EU firms to reduce carbon emissions if they wish to export goods into the EU and to provide a competitive advantage to European firms that have already reduced emissions.

Authors

• Person: John Lee Organization: Hudson Institute
  Assessing Trump's Trade and Tariff Policies: The Basics

Sources

• Assessing Trump's Trade and Tariff Policies: The Basics www.hudson.org John Lee · Hudson Institute via serper

Referenced by nodes (3)

• carbon dioxide emissions concept
• carbon border adjustment mechanism concept
• European Union entity