The European Green Agreement extends to Eurasia

Sinopec News.

One of the key tools of the agreement must be the Carbon Boundary Adjustment Mechanism (CBAM).

If countermeasures are taken, this will definitely lead to a gradual process of inflation, rising raw material prices, and may even reduce the competitiveness of many EU manufacturers.

But it brings not only challenges, but also opportunities.

Wang Lei excerpted from today's oil prices

The original text is as follows:

Extending The European Green Deal Into Eurasia

In June, the European Commission will present a package of bills detailing the European Green Deal, a strategy that aims to reduce CO2 emissions by 55% to 1990 levels by 2030, improve energy efficiency by 32.

One of the critical instruments of the deal must be the Carbon-Border Adjustment Mechanism (CBAM).

If countering measures are imposed, this will definitely lead to a progressive inflationary process, higher raw materials prices and could potentially even downgrade the competitiveness of many EU-based manufacturers.

　　Bringing not only a challenge but an opportunity