CBAM Compromise Until Russia’s Vladimir Putin decided to unite the West against him, the transatlantic policy fractures ran deep and wide. There was agreement on the need for NATO but plenty of disagreement on various other policy parameters. One place where the U.S. and EU seemed headed for conflict was over climate change policy. Unlike the U.S., the EU operates a carbon market designed to punish carbon emissions, whereas the U.S. uses policy requirements and efficiency gains to achieve emissions reductions. Even though the EU seeks to export its production prescriptions on food, the hope was that outcome rather than the process of achieving carbon emissions would prevail. Now Mohammed Chahim, the European Parliamentarian charged w...

TAGS – Europe, North America, Macroeconomics