Carbon Border Adjustment Mechanism (CBAM):
International experiences
and policy implications for Vietnam

Abstract

Climate change presents an unprecedented challenge to humanity, prompting nations to implement robust measures to mitigate greenhouse gas (GHG) emissions. As part of its European Green Deal, the European Union (EU) introduced the Carbon Border Adjustment Mechanism (CBAM) to achieve carbon neutrality by 2050. CBAM is poised to reshape global trade dynamics, with significant implications for developing nations like Vietnam. This study examines CBAM through an interdisciplinary legal lens, comparing it with carbon pricing policies in the United States, Canada, and China. The analysis offers targeted policy recommendations to help Vietnam adapt to CBAM, bolster its trade resilience, and enhance its competitiveness in the global market.
Keywords
Carbon Border Adjustment Mechanism (CBAM) carbon pricing greenhouse gas emissions trade policy environmental law

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