The European Union is expanding its carbon border tax, known as the Carbon Border Adjustment Mechanism (CBAM), to include more products like refrigerators and car parts starting January 2026. This tax aims to level the playing field for European companies and prevent 'carbon leakage' by ensuring that foreign producers also account for emissions. The EU plans to use a portion of the tax revenue to support its heavy industries during the energy transition. However, there are concerns about the potential misuse of carbon credits and opposition from major economies like China and India. Teljes cikk (Euronews.com)