The Impact of CBAM on Ukraine: A Strategic Pause or Full Implementation?
Context and Importance of CBAM for the EU The European Union’s (“EU”) Carbon Border Adjustment Mechanism (“CBAM”) was conceptualized as an extension of the EU’s Emissions Trading System (“ETS”) well before the full-scale war in Ukraine started in 2022. The planning and modeling of CBAM did not account for the profound and unique challenges that […]