Asia Pacific > Asia > ‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says

‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says

Published 10:03 on April 15, 2024 / Last updated at 10:03 on April 15, 2024 / / Americas, Asia Pacific (Asia, Pacific), EMEA (Compliance Markets & Taxes, Europe), International (CBAM & Tariffs)

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The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc's ETS.
The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc's ETS.


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