The European Union’s Carbon Border Adjustment Mechanism is being positioned as a bold climate initiative. Its deeper implications, though, reveal a strategic recalibration of trade power rather than a genuine multilateral response to the climate crisis.Born out of the EU’s internal climate architecture under the “Fit for 55” plan, CBAM seeks to impose a carbon levy on imports of emission-intensive products. The European Union’s “Fit for 55” plan represents a sweeping legislative initiative designed to reduce greenhouse gas emissions by a minimum of 55% by 2030, relative to 1990 levels. As a central pillar of the EU’s European Green Deal, this framework was formally endorsed in October 2023, positioning itself as a cornerstone in Europe’s ambitious pursuit of climate neutrality.
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