The European Union is simplifying its Carbon Border Adjustment Mechanism (CBAM) to ease the burden on small and medium-sized enterprises (SMEs), while still covering 99% of emissions from high-carbon imports. This move balances administrative relief with environmental integrity, signaling a pragmatic shift in EU climate policy.

New York's FY26 budget introduces a groundbreaking $1 billion climate plan aimed at reducing emissions and creating green jobs. This initiative marks the state's most ambitious environmental agenda to date, focusing on clean energy, sustainable agriculture, and enhanced outdoor recreation.