The Carbon Border Adjustment Mechanism's details, which are the world’s largest carbon border tax, were announced by the EU, but it still needs formal approval from the European Council and Parliament.
As part of an overhaul of the bloc's centerpiece carbon market that seeks to make its economy carbon-neutral by 2050, the countries of the European Union have struck a deal on the world's first major carbon border tax.
After coming to a temporary agreement earlier in the week, EU minist...