EU's carbon border tax could be detrimental to poorer countries

The European Commission linked trade policy to climate policy in July 2021, a move no other significant governmental body had ever made. The EU must reduce emissions both inside and outside of its borders if it is to meet its 2030 goal of reducing net greenhouse gas emissions by 55 per cent.

A carbon border adjustment mechanism, or CBAM, is an import tax designed to persuade other nations to combat climate change. It is part of the c....