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The EU's CBAM, designed to address carbon leakage, has unintentionally hurt domestic exporters as well. EU officials recently indicated that they would assist exporters in coping with the impact.

Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.

In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.

In 2023, the EU launched a sweeping Carbon Border Adjustment Mechanism (CBAM), ushering the global carbon market into a new era; China's carbon prices saw record highs despite a lack of trading momentum; South Korea introduced its first carbon neutrality

In line with measures announced by the EU, the UK also plans to implement a carbon border tax starting from 2026.

The Indonesian government is still working on finalizing its carbon tax regulation, which aims to anticipate the EU’s CBAM that will be fully implemented in 2026.

EU launched the first phase of the world's first system to impose CO2 emissions tariffs on imported steel, cement, and other goods as it tries to stop more polluting foreign products from impeding its green transition.

Trade barriers, such as the China–United States trade war, are government-induced tariffs or sanctions on imported goods to reduce the trade deficit. Today, a new form of trade barriers has emerged – the Carbon Border Adjustment Mechanism (CBAM).

The Carbon Border Adjustment Mechanism (CBAM) is considered an extension of the European Union Emission Trading Scheme (EU ETS).

Following the European Commission’s introduction of the Carbon Border Adjustment Mechanism (CBAM), the U.S. also proposed a border carbon adjustment (BCA) fee on imports.