Europe’s world-first carbon tariff is coming. Here’s what to know.

The EU's new carbon tariff is about to take effect

As of Jan. 1, the European Union will charge fees on certain imports based on how much pollution was generated in their manufacturing

Europe’s world-first carbon tariff is coming. Here’s what to know.

At the start of next year, companies that make and buy energy-intensive commodities like steel and aluminum will enter the era of CBAM — the Carbon Border Adjustment Mechanism. CBAM is a first-in-the-world policy by the European Union that charges fees on imports based on how much planet-warming pollution was…