The Carbon Border Adjustment Mechanism (CBAM) will start from October. For manufacturers exporting to the EU, here’s what we know so far
From October 1, the EU will start the transition to the Carbon Border Adjustment Mechanism (CBAM) on certain imports.
Coming in as the world’s first ‘carbon border tax’, CBAM will initially apply to the following imported goods:
- Cement
- Iron and steel
- Aluminium
- Fertilisers
- Electricity
- Hydrogen
Source: smallbusiness.co.uk
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