Blackmailing the Global South on EU carbon border tax won't work

The EU has heralded its new 'Carbon Border Adjustment Mechanism' (CBAM) as an important environmental measure, but internationally this initiative is becoming deeply controversial.

It is intended to be a duty on the embedded greenhouse gas emissions of a range of products imported into the EU, including aluminium, cement, electricity, fertilisers, hydrogen, and iron and steel.

However, while CBAM — commonly referred to as the car...