In just a few weeks, the world’s first carbon border levy on climate-unfriendly imports is going to take effect across the EU. The Carbon Border Adjustment Mechanism (CBAM), which was voted into law in April, will start a transitional phase on 1 October that will apply to seven products whose production is carbon intensive and are deemed at significant risk of carbon leakage: aluminium, cement, electricity, fertilisers, hydrogen, iron and steel.
- Business worries about an EU carbon border levy
- Legal challenges
- Russian exports are most exposed to CBAM
- Getting prepared
Source: www.energymonitor.ai
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