With global attentions distracted by the spotlit stages of recent COP events, the introduction of the EU’s Carbon Border Adjustment Mechanism (CBAM) may have gone relatively unnoticed. In essence, the CBAM is a tariff on carbon-intensive products imported into EU countries. It forms part of the European Union’s ‘Fit for 55’ climate policy initiative to help member states reduce greenhouse gas (GHG) emissions by 55% by 2030 compared to 1990 – and it plugs an important gap.