Discover and read the best of Twitter Threads about #cbams
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Today @ClimateZA released a discussion paper on Carbon Border Adjustment Mechanisms #CBAM climatecommission.org.za/publications/c… Thread 1/
#CBAMs are intended to impose a tax on imported products equivalent to the domestic cost of emission reductions i.e. to ensure consistency in carbon pricing of goods traded between different jurisdictions. 2/
EU has been debating different versions of #CBAM between the EU Commission, Parliament and Council, and in Dec 2022 reached agreement on common approach (although some details still need ironing out). 3/
