🌍 The EU Carbon Border Adjustment Mechanism Enters Into Force — Global Trade Shift Begins
🇪🇺 The European Union's (CBAM) Carbon Border Adjustment Mechanism officially came into effect today, targeting imports in high-emission sectors such as steel, cement, aluminum, and electricity. Source: Financial Times ✔️ Designed to protect EU industries and advance climate goals. ✔️ Major trading partners — including China, India, and Brazil — criticize the measure as unfair, while importers face penalties for non-compliance. 💡 Market Impact: • Global trade flows may change as exporters adapt to new carbon rules. • Commodity and manufacturing input costs may rise. • Green technology markets and carbon credits could gain momentum.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🌍 The EU Carbon Border Adjustment Mechanism Enters Into Force — Global Trade Shift Begins
🇪🇺 The European Union's (CBAM) Carbon Border Adjustment Mechanism officially came into effect today, targeting imports in high-emission sectors such as steel, cement, aluminum, and electricity.
Source: Financial Times
✔️ Designed to protect EU industries and advance climate goals.
✔️ Major trading partners — including China, India, and Brazil — criticize the measure as unfair, while importers face penalties for non-compliance.
💡 Market Impact:
• Global trade flows may change as exporters adapt to new carbon rules.
• Commodity and manufacturing input costs may rise.
• Green technology markets and carbon credits could gain momentum.