4. Consider the following statements with respect to EU’s Carbon Border Adjustment Mechanism (CBAM).
- The main goal of CBAM is to ensure that imports have paid a price for the carbon emissions produced during their manufacturing.
- This makes the carbon cost of imports comparable to domestic production, safeguarding the EU’s climate goals.
- CBAM is designed to be in line with the rules set by the World Trade Organization (WTO).
Choose the incorrect statement.