Just Enough – The EU Proposal for a Carbon Border Adjustment Mechanism
The Commission's draft is only useful as a diplomatic lever. A Carbon Border Adjustment Mechanism (CBAM) must be comprehensive and integrated into the global trading system.
Compared to a global solution or a climate club, a carbon border adjustment (CBAM) is the worst option. However, if the EU does not want to be dependent on the goodwill of other states, it should design a comprehensive border adjustment that is as open as possible for third countries. The leaked draft of the EU Commission on the CBAM is very limited and can thus only have an impact as a threat or as a first step.