European Union, greenhouse gas, WTO, carbon border adjustment mechanism, bam-bam

CBAM is what will kindle most debate. Imports, initially in the cement, aluminium, iron and steel, fertiliser and electricity sectors, will bear a levy reflecting the carbon price that units in the EU would pay. The intent is to avoid the flight of industry to jurisdictions with lower emission norms and to give EU industry a level playing field will be political contentious.

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