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January 30, 2024

Japan, South Korea and Singapore are biggest supporters of EU CBAM

In 2022, Japanese trade bodies told the European Commission that the CBAM should be compatible with WTO rules. (Photo: Akio Kon/Bloomberg)
In 2022, Japanese trade bodies told the European Commission that the CBAM should be compatible with WTO rules. (Photo: Akio Kon/Bloomberg)

Despite warnings that the EU Carbon Border Adjustment Mechanism could be challenged in the World Trade Organization, many countries can see its advantages for their domestic agendas

A study into which countries support the EU’s Carbon Border Adjustment Mechanism has ranked Japan, South Korea and Singapore as the framework’s most enthusiastic backers. These countries appear to see how the CBAM could benefit their own climate agendas, say researchers.

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