Environment 
Trade 
International 
National After intense rounds of discussions, the European Union will take the first steps towards the introduction of an unprecedented carbon adjustment mechanism at the border (CBAM). The system taxes goods based on the greenhouse gases emitted during production, which may impede certain Brazilian exports.
Initially, only some products will be subject to the measure, such as aluminum, cement, fertilizers, electricity, iron and steel. To enter the EU, they have to pay the same price that the bloc’s producers already pay for carbon.
A study carried out by the United Nations Agency for Trade and Development showed that Brazil is the eighth country with the greatest exposure to CBAM. The most vulnerable product is Brazilian steel, which can be subject to a carbon tax of US$3.3 per ton.
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