CBAM reform can power Asia’s low-carbon future

Abstract

The EU Carbon Border Adjustment Mechanism and similar tools under consideration elsewhere could reshape world trade and climate policy. But without reform, they risk worsening global inequalities by weakening the competitiveness of developing-country exporters. A fairer and more effective model would recycle revenues back to those economies, helping them invest in their green energy transitions while aligning development and trade with climate action. Show more