India, June 1 -- EU's Carbon Border Adjustment Mechanism (CBAM) could boost global emissions cuts by 73 per cent compared with EU climate policy alone, a study claims.

Net global emissions decline to be lower.

CBAM can curb carbon leakage, push partners to adopt carbon pricing and help form a wider climate coalition.

The European Union's carbon pricing on imports could significantly strengthen climate policies beyond its borders, increasing global emissions reductions by 73 per cent compared with the impact of EU climate policy alone, according to a new study by the Potsdam Institute for Climate Impact Research (PIK).

The study, published in the Journal of the Association of Environmental and Resource Economists (JAERE), examines the ...