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  • China's aluminum exports are facing new pressures
    2021-03-04

    ​On March 10, the European Parliament passed the "Carbon Border Adjustment Mechanism" (CBAM) proposal with 444 votes in favor, 70 votes against, and 181 abstentions. The bill emphasizes that in order to increase global awareness of climate change and prevent "carbon leakage", the EU will impose carbon tariffs on imported goods that do not comply with the relevant regulations on carbon emissions. "Carbon leakage" means that the reduction of greenhouse gas emissions in developed countries will lead to an increase in carbon emissions in developing countries.

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