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Bangladesh RMG exports may face 5% EU carbon tax after 2030
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Bangladesh RMG exports may face 5% EU carbon tax after 2030
Bangladesh’s apparel exports to the European Union (EU) could be hit with a carbon tax of around 5% after 2030 if emissions are not reduced, a new study warns. The EU, Bangladesh’s largest export market, has introduced the Carbon Border Adjustment Mechanism (CBAM) to curb emissions across supply chains. Apparel products could be included in this mechanism by 2030. If current emission levels persist, Bangladesh’s garment exports may face an addit…
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