Latest / International Business with Fexingo: Global Trade, Cross-Border Deals, and Multinational Operations
How the EU Carbon Border Adjustment Is Reshaping Global Trade
The European Union's Carbon Border Adjustment Mechanism (CBAM) is now in full effect, requiring importers of steel, aluminum, cement, fertilizers, and electricity to purchase carbon certificates at the EU's carbon price. In this episode, Lucas and Luna break down how CBAM is already changing trade flows for developing economies like India and Brazil, which face new compliance costs. They examine the first-quarter data showing a 12% drop in carbon-intensive imports from non-EU countries, and discuss how countries like China are responding with their own carbon pricing schemes. The…
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