The European Union (EU) introduces a groundbreaking policy: the Carbon Border Adjustment Mechanism (CBAM). CBAM, a strategic initiative designed to harmonize the EU’s ambitious climate objectives with international trade practices. By addressing the complexities of carbon leakage and establishing a level playing field for domestic and foreign producers, CBAM marks a significant step in the EU’s journey towards a sustainable future.

First quarter growth proved better than expected in Europe. In both the Euro Area and EU as a whole, GDP expanded 0.3% as Germany returned to growth and Spain, Ireland, and the Baltics (among others) reported strong expansions. These green shoots are welcome following a challenging 2023 in the EU and growth is expected to gradually pick up over the course of the year as the headwinds from tight financial conditions fade and falling inflation along with a still solid labor market helps boost real disposable income. The growth divergence between the US and EU that marked 2023 is already closing, with the US just barely growing faster than the EU (0.4% to 0.3%) over the first three months of the year.

Join CLA's complimentary webinar as we discuss important considerations for planning and executing a capital campaign. We will also discuss additional options for funding capital projects.