30 November, 2025
WOCE Team
Why the world's most ambitious climate trade policy is proving far harder to implement than anyone expected When the European Union launched the Carbon Border Adjustment Mechanism (CBAM) in October 2023, it was hailed as a watershed moment in global climate policy. Finally, a mechanism to prevent carbon leakage and level the playing field between EU producers paying carbon prices and foreign competitors who don't. The logic was elegant, the ambiti..