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Government to Implement CBAM by 2027 to Mitigate Carbon Leakage Risk

  • UK government launched consultation on carbon leakage risk mitigation measures
  • Government intends to implement a “carbon border adjustment mechanism” (CBAM) by 2027
  • CBAM will target imports of carbon-intensive products
  • UK Emissions Trading Scheme (ETS) will be extended to at least 2050
  • Further consultations on the future operation of ETS

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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