In order to avoid carbon leakage, the EU decided to introduce the Carbon Border Adjustment Mechanism to put a fair price on embedded carbon emissions of products imported into the EU. Once the CBAM is operational, importing companies will have to declare the embedded emissions for their products...

In its “Fit for 55” program, the European Union (EU) integrates several instruments with the goal of achieving climate neutrality by 2050. One of the cornerstones of the program is the EU Emissions Trading System (EU-ETS), which imposes a levy on CO2 and other greenhouse gas (GHG) emissions,...

Climate change, a transnational issue, necessitates international collaboration for effective mitigation. Despite the progress achieved by the Paris Agreement of 2015, a significant milestone in global cooperation, its implementation remains a challenge for both the international community and...