In recent months I’ve been leaning into the EU’s carbon border adjustment mechanism. I am asked about it regularly, including during a Dalian Chinese business executive presentation on Europe’s carbon neutrality pathways. Most recently, I published an assessment of the implications for three commodities — cement, methanol, and electricity.
As always, comments and questions abounded. Perhaps the best was on LinkedIn from Richard Payne, the head of commodity and energy trading at Afry, a 17,000, 100+ location, globally-operating, Swedish engineering, advisory, and design firm that grew out of its 1890s origins as a steam generation association. Payne asked:
