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Latin America may adopt its own carbon border controls in future: Alacero congress

November 10, 2023 Comments Off

Latin America may in future adopt its own regional carbon import border controls, in line with the European Union’s Carbon Border Adjustment Mechanism (CBAM), in a move to balance trade, participants at the Latin American Steel Association (Alacero)’s annual congress in Sao Paulo said Nov. 9. “With the EU’s adoption, the US is likely to follow suit, and if [countries…