Pitfalls of the EU’s Carbon Border Adjustment Mechanism

Lim, Byeongho; Hong, Kyoungseo; Yoon, Joo-Young; Chang, Jeong-In; Cheong, Inkyo

doi:10.3390/en14217303

Public

Pitfalls of the EU’s Carbon Border Adjustment Mechanism

Published in Energies • Nov 4, 2021

Authors:

Byeongho Lim

Kyoungseo Hong

Joo-Young Yoon

Abstract

The European Union (EU), which has led international discussions on global warming, officially announced its plan for the Carbon Border Adjustment Mechanism (CBAM) in July 2021. Many existing studies have indicated the CBAM will curtail greenhouse gases, and will subsequently be positive in terms of...

Subject

Greenhouse gas

Economics

International trade

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