Author: Admin Operation
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ADB CBAM curbs limited carbon leakage, hurts subregions in Asia
The Asian Development Bank (ADB) pointed out in a report on 26 February that the European Union’s (EU’s) Carbon Board Adjustment Mechanism (CBAM) will have limited impact on emission curbing around the world, yet be likely to negatively affect Asian subregions like Central and West Asia with higher shares of carbon-intensive exports to Europe. EU’s…