The European Green Deal: Assessing the Potential Economic Impacts of a Carbon Border Adjustment Mechanism

2024-12-01 22:57:42    Murad Agayev

The research of this article is important in terms of determining the potential economic consequences of the “Carbon Border Adjustment Mechanism”, which was accepted in 2019 and is accepted as the main mechanism of the “Fit for 55” package of the “European Green Deal” strategic goal, which aims to make the European Union the world's first zero-carbon continent by 2050. Within the scope of this mechanism, it is planned to include a total of 6 sectors in the certification of carbon emissions, thus protecting the EU's internal market from foreign competition and preventing carbon leakage.


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