Regulation (EU) No 2023/956 establishing a carbon border adjustment mechanism (hereinafter: CBAM Regulation) was published in the Official Journal of the European Union on 16 May 2023. The EU introduced a border adjustment mechanism for CO2 prices for imported goods. This is part of the “Fit for 55” package and is designed to implement the EU’s climate goals. In the future, a CO2 levy will be payable on certain goods imported into the EU from third countries.
Source: awb-international.com
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