The Carbon Border Adjustment Mechanism (EU-CBAM), recently seen in the news, refers to:
1
A policy aimed at imposing tariffs on carbon-intensive goods imported into the EU to equalize carbon costs with EU standards.
2
A mechanism designed to provide subsidies to EU industries for exporting low-carbon technologies to developing countries.
3
An initiative by the EU to provide financial aid to member states for achieving carbon neutrality by 2030.
4
A global treaty signed by EU countries to eliminate carbon emissions from the shipping and aviation sectors.