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CBAM: Effect on Trade & China-EU Relations
Manage episode 365026676 series 3382358
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On April 18th, 2023, the European Parliament approved the legislation for the implementation of a Carbon Border Adjustment Mechanism (CBAM) as part of the European Union’s (EU) “Fit for 55 in 2030 package”, which is aimed at reducing greenhouse gas (GHG) emissions by 55 percent before 2030.
From this mammoth legislative change, we have the EU & China at an interesting crossroads in the global race for carbon neutrality, but where do China and EU interests intersect on climate action and how will EU/Chinese businesses involved be affected? Lets dive into the matter further in this latest episode.
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