To help you as Carbon Border Adjustment Mechanism, The EU developed the first carbon border tax in history, the Carbon Border Adjustment Mechanism (CBAM), to lower carbon emissions. Its main objective is to solve the problem of "carbon leakage," often known as emissions from outsourcing. This occurs when businesses move their manufacturing to nations with less stringent emissions regulations, frequently resulting in a rise in overall emissions. On October 1, 2023, the policy's first phase, which would be implemented gradually over three years, went into effect. The high-emitting industries th