“The biggest climate law ever in Europe, and some say in the world,” Peter Liese, lead negotiator for the European Parliament said. In reference to the Paris Agreement? Europe’s New Green Deal? Biden’s IRA? Nope – Liese was describing the carbon border adjustment mechanism, known to nerds by the catchy acronym CBAM. This wonkish-sounding legislation means imports from overseas will now be charged a carbon price in the same way as domestically-produced products are in the UK, the government announced on Monday.…
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