On August 17, 2023, the EU Commission adopted rules governing the implementation of Carbon Border Adjustment Mechanism (CBAM).
This mechanism, which came into force in May 2023, aims to align carbon pricing for imports and domestic products, focusing on certain carbon-intensive industries.
While carbon pricing under CBAM will commence on January 1, 2026, a transitional phase is set from October 1, 2023, to December 31, 2025, during which only reporting obligations will be enforced.
- What is CBAM?
- What carbon accounting methods are required for CBAM?
- How can you prepare for CBAM?
Source: www.xtonnes.com
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