This article examines
how the EU’s Carbon Border Adjustment Mechanism (CBAM) has shaped climate
policy, making the EU the first jurisdiction in the world to introduce a carbon
price outside of its borders. The policy shift linked with the introduction of
CBAM is compared with established environmental paradigms: prometheanism/growth
unlimited (PGU), ecological modernization (EM) and sufficiency. A benchmark for
assessing to which environmental paradigm CBAM belongs is developed and a
qualitative content analysis of both secondary and primary sources is
complemented with a quantitative content analysis of the documents stemming
from the EU institutions during the legislative process. It is concluded that
the dominant EM paradigm is challenged by the sufficiency paradigm with CBAM,
and that there is a need for more research on CBAM and its effect on climate
paradigms as this instrument develops in the coming years.