The Carbon Border Adjustment Mechanism will cover carbon-intensive sectors such as cement, steel, aluminum fertilizers and electricity production and hydrogen.

A panel of experts last month urged the country to bring its measures in line with WTO obligations.

BHP Group accused of trying to "forever put off" the question of liability for a 2015 dam collapse that triggered Brazil's worst environmental disaster.

Announced at the COP15 talks on biodiversity in Montreal, the Sustainable Critical Minerals Alliance would support these standards for elements like lithium, cobalt and nickel.

A survey of 25 European banks by nonprofit ShareAction reveals the industry is also underreporting its support of high-carbon sectors.