What exactly is CBAM—and why should business leaders care now? The EU’s Carbon Border Adjustment Mechanism (CBAM) has moved from concept to reality, reshaping how carbon costs travel across borders. Since October 2023, the transitional phase requires importers of carbon-intensive goods—steel, cement, aluminium, fertilisers, electricity, and hydrogen—to report embedded emissions. Financial obligations begin in 2026. In simple terms, CBAM levels the playing field between EU pro

As one of the world’s most densely populated vertical cities, Hong Kong faces unique challenges in the global fight against climate change. In response to the Paris Agreement and national directives, the Hong Kong Special Administrative Region (HKSAR) Government released "Hong Kong’s Climate Action Plan 2050" in October 2021. This ambitious blueprint sets a definitive target: to achieve carbon neutrality before 2050 , with an interim goal of reducing carbon emissions by 50%