The European Union plans to implement a Carbon Border Adjustment Mechanism (CBAM) by 2026. It will place a carbon price on imports like cement, steel, and aluminum based on their emissions during production.
This move encourages cleaner manufacturing globally. Nations exporting to Europe will have to adopt greener technologies or face added costs. Learn more from the EU Commission.
How does this affect developing countries? It may pressure them to modernize industry but also offers opportunities in 🟢green technology exports and innovation.
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