<strong>In May 2023, EU institutions signed the </strong><a href="https://www.climatebonds.net/civicrm/mailing/url?u=5248&qid=1539431" rel="nofollow" style="color: rgb(17, 85, 204);" target="_blank"><strong>Carbon Border Adjustment Mechanism</strong></a>,<strong> (CBAM), which will enter into application in its transitional phase in October 2023.</strong>