This Climate Note discusses the rationale, design, and impacts of border carbon adjustments (BCAs), charges on embodied carbon in imports potentially matched by

Offers policy recommendations from Cato Institute experts on every major policy issue. Providing both in-depth analysis and concrete recommendations, the Handbo

This paper scrutinizes the European Union's proposal for a carbon border adjustment mechanism (CBAM) under the rules of the World Trade Organization (WTO) and c