The European Union (EU) has taken a significant step in its commitment to combat climate change by implementing the Carbon Border Adjustment Mechanism (CBAM) starting from October 1, 2023. This mechanism is designed to address the issue of carbon-intensive production being moved abroad to take advantage of lower environmental standards, or the replacement of EU products with imports that have higher carbon dioxide emissions. In this article, we will delve into the details of CBAM, including its objectives, implementation phases, and reporting requirements.
Introduction to ESG Environmental, Social, and Governance (ESG) represents a set of standards that socially conscious investors use to screen potential investments. These standards guide how a company operates and interacts with the world. The […]