The EU's reliance on the new Carbon Border Adjustment Mechanism (CBAM) as a solution to climate change is fast becoming a costly mistake.
CBAM seeks to impose carbon costs on imported goods from non-EU countries, encouraging industries globally to align with the EU's climate goals.
While CBAM intends to reduce Europe's carbon footprint, these measures could risk placing a heavy burden on businesses without delivering the intended long-term results.
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Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.