Navigating the EU’s CBAM: strategies for APAC companies
The European Commission unveiled the Carbon Border Adjustment Mechanism (CBAM) in 2023. This mechanism, which places a carbon price on some imports and aims to make Europe climate-neutral by 2050, is changing the dynamics of global trade, especially for the Asia-Pacific (APAC) region. The CBAM is not just a policy change; it’s a paradigm shift in international trade, affecting businesses across the spectrum.
Read on to find out what strategic action APAC businesses can take to mitigate this impact and navigate this new terrain.
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