Skip to content

LDCs and the EU Carbon Border Adjustment Mechanism

May 4, 2021

As part of the European Green Deal the European Union (EU) is establishing a carbon border adjustment mechanism (CBAM), which will put a carbon price on imports of certain goods from outside the EU. The mechanism is designed to disincentivise European companies from producing their products elsewhere – known as carbon ‘leakage’ – and to prevent European producers from being undercut by cheaper, high-carbon imports.  Least developed countries (LDCs) should be exempt from the CBAM and benefit from revenues generated by the mechanism. This article, for the United Nations LDC Portal on International Support Measures for LDCs, explains more.

Click here to read the piece.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s