CBAM: What It Means for Supporting Decarbonization Efforts in Emerging Markets

Emerging markets are rapidly growing and urbanizing, pushing up demand for everything from energy to housing and escalating greenhouse gas emissions. Reducing emissions is necessary for greening the planet and supporting sustainable economic development. But there are many challenges when it comes to sectors such as cement, steel, and fertilizers, which underpin successful growth and whose emissions currently are hard to abate due to cost and technological obstacles.

Integrating manufacturers (or producers) in emerging markets into global supply chains is a critical part of our development agenda. However, there's a potential disruption of progress in development if emerging markets are locked out of these markets for failing to meet emission targets. This inclusion is vital not only for economic growth but also for the global effort to reduce emissions.

Join IFC for the first event in our webinar series "Greening the Planet" to discuss the European Union’s Carbon Border Adjustment Mechanism (CBAM). Speakers will explore its impact, how it affects businesses, what manufacturers are doing to adapt, and the role the World Bank Group plays in supporting decarbonization efforts in emerging markets.