The European Union’s Green Deal is a grand strategic plan for sustainability that aims to reduce the EU’s greenhouse gas emissions by 55 percent by 2030 and bring the EU to climate neutrality by 2050.
As part of the Green Deal, the EU intends to adopt the Carbon Border Adjustment Mechanism, which aims to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU. The European Commission is calling the mechanism a “landmark tool.” But adoption of this mechanism could have significant impacts on international trade.
We explored the legal implications of this mechanism and the impact it may have on Brazilian and US exports.
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Please contact Tamar Tsemach with questions.
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