By postponing the start of enforcement until 2028 and redirecting revenues towards international capacity building, CBAM can be made a more equitable catalyst for the climate transition.
Even if policymakers in developing countries see little value in pursuing large emissions reductions at the pace that climate advocates would like, climate-aligned development is still the best path forward.
As global sustainability reporting standards converge, board directors face new challenges and opportunities in navigating mandatory ESG disclosures, ensuring transparency, and driving long-term value for their companies.