1 CBAM’s potential to spur global climate action 1

2 How CBAM shapes the global adoption of carbon pricing 2

2.1 Measuring exposure to CBAM 2

2.2 Measuring carbon pricing policies 3

2.3 The effect of CBAM on carbon pricing policies 5

2.4 Variation in CBAM spillovers across income groups 7

3 Fostering CBAM spillovers on global climate policies 9

References 11