FIEKView: Carbon Border Adjustment Mechanism (CBAM) Becomes Mainstream
According to a 2018 report by the Intergovernmental Panel on Climate Change (IPCC) of the United Nations, the world needs to achieve net zero emissions by 2050 in order to limit the global temperature rise to within 1.5℃. The UN Climate Change Conference in Glasgow (COP26) in 2021, passed a resolution to set the target of 45% reduction in carbon emissions by 2030. Nearly 140 countries around the world have now proposed net zero goals. The European Union has been the most proactive in driving green transformation and sustainable development.