By Mark Fulton, Programme Director, Inevitable Policy Response
As part of the Inevitable Policy Response (IPR), commissioned by UN-supported PRI in 2018, a key section of the original policy forecasts focused on the development of carbon markets and what are now termed Carbon Border Adjustment Mechanisms (CBAMs). At their core, CBAMs are levies on imports and/or rebates on exports that account for asymmetries in carbon pricing policies across different countries.
