Australia's final carbon leakage review recommends CBAM-like scheme for high-risk sectors

Australia should introduce a border carbon adjustment mechanism for select commodities at high risk of carbon leakage, with cement and clinker as initial priorities, the final Carbon Leakage Review, released Feb. 13, recommended. The review recommends a targeted approach that would apply carbon tariffs on imports from countries with less stringent climate policies. “Current Safeguard MechanismAustralia should introduce a border carbon adjustment mechanism for select commodities at high risk of carbon leakage, with cement and clinker as initial priorities, the final Carbon Leakage Review, released Feb. 13, recommended. The review recommends a targeted approach that would apply carbon tariffs on imports from countries with less stringent climate policies. “Current Safeguard MechanismRead More