The European Union’s Carbon Border Adjustment Mechanism (CBAM) represents a pivotal shift in the global approach to carbon pricing and climate change mitigation. As the EU strives for climate neutrality by 2050, CBAM emerges as a key tool to prevent carbon leakage and promote a level playing field between domestic and imported goods.
he Carbon Border Adjustment Mechanism (CBAM) and the EU Emissions Trading System (ETS) are two pivotal components of the European Union’s strategy to combat climate change. While both mechanisms aim to reduce greenhouse gas emissions, they operate in complementary ways to ensure a holistic and effective approach to carbon pricing.
In the quest for environmental sustainability, the terms ‘carbon neutral’ and ‘carbon negative’ have become increasingly prominent. But what does it mean to be carbon negative, and is it an achievable goal?
In an era where sustainability is no longer optional but imperative, understanding and managing your business’s carbon footprint is crucial. A carbon footprint represents the total greenhouse gas (GHG) emissions caused by an organization, expressed as a carbon dioxide equivalent (CO2e).
The United Nations Climate Change Conference (COP28) concluded on December 13, 2023, in Dubai, United Arab Emirates, marking a pivotal moment in the global fight against climate change. With the participation of delegates from nearly 200 countries, COP28 is hailed as a historic event that signals the “beginning of the end” of the fossil fuel era.
