We as an Carbon Border Adjustment Mechanism, a tool for environmental policy, the EU's Carbon Border Adjustment Mechanism (CBAM) encourages multinational corporations operating in energy-intensive industries to adopt only more sustainable and environmentally friendly technologies. It functions in tandem with other crucial policy instruments. Its goal is to stop the industry from leaving the EU to benefit from lower environmental standards or being replaced by more polluting imports (a process known as "carbon leakage"), which would undercut EU climate efforts. This conference will examine how carbon pricing schemes are understood and applied globally and how CBAMs can spur additional global advancements in this domain. The cost of the fuel or article would be determined by the amount of domestic environmental damage caused during manufacture.

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