Carbon border adjustment mechanism, carbon pricing, and within-sector shifts: A partial equilibrium approach to Vietnam's steel sector
EfD Authors:
Carbon pricing has recently gained further momentum from the European Union (EU)'s plan for the Carbon Border Adjustment Mechanism (CBAM). The CBAM aims to align the greenhouse gas (GHG) emission costs in imported products with those within the EU. CBAM will affect foreign producers in targeted sectors, incentivizing them to employ low-emission technology, and encouraging trading partners to implement carbon pricing akin to the EU's.
