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European Union’s Carbon Border Adjustment Mechanisms require importers of carbon-intensive products, consisting of iron and steel, aluminium, cement, fertilisers, hydrogen and electricity, to account for the carbon emissions associated with their production. | Photo Credit: Getty Images/iStockphoto BRICS countries on Tuesday (August 18, 2026) opposed what they described as “unilateral, punitive, discriminatory and protectionist” climate…
Image for representational purposes only, | Photo Credit: Getty Images BRICS countries on Tuesday (August 18, 2026) opposed what they described as “unilateral, punitive, discriminatory and protectionist” climate measures, including the European Union’s Carbon Border Adjustment Mechanisms (CBAMs), while calling for a significant increase in international funding to help developing countries adapt to climate change….