In the fall of 2023, the European Union (EU) began rolling out a new plan called the Carbon Border Adjustment Mechanism (CBAM). This system is designed to tackle climate change by targeting carbon emissions linked to goods imported from countries with weaker environmental regulations. The EU wants to ensure that imported products follow the same climate rules as those made within its borders. Right now, they are only collecting data, but by 2026, the full system will kick in. It’s expected to b...