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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
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🌍 The EU Carbon Border Adjustment Mechanism Enters Into Force — Global Trade Shift Begins
🇪🇺 The European Union's (CBAM) Carbon Border Adjustment Mechanism officially came into effect today, targeting imports in high-emission sectors such as steel, cement, aluminum, and electricity.
Source: Financial Times
✔️ Designed to protect EU industries and advance climate goals.
✔️ Major trading partners — including China, India, and Brazil — criticize the measure as unfair, while importers face penalties for non-compliance.
💡 Market Impact:
• Global trade flows may change as exporters adapt to new carbon rules.
• Commodity and manufacturing input costs may rise.
• Green technology markets and carbon credits could gain momentum.