WTO panel to review EU CBAM and emissions trading scheme at Russia's request

The WTO Dispute Settlement Body established a panel on 25 September to review the EU's Carbon Border Adjustment Mechanism and alleged export subsidies in its emissions trading scheme, following a request by Russia. This escalates a trade dispute over climate-related measures, with implications for global carbon pricing and trade law. The panel's findings could set precedent for how WTO rules apply to carbon border measures.