As governments and businesses move toward a greener future, we’ve recently seen borders used as the point to address “carbon leakage” with the launch of the European Union’s Carbon Border Adjustment Mechanism (CBAM) back in October 2023. The UK is now following suit using the new tax as one of the ways it intends to meet its legally binding net zero 2050 target.
- What is the aim of the UK CBAM?
- What are the key features of the new UK CBAM?
- Sectors, goods and emissions in scope
- UK CBAM liability
- Administration of the UK CBAM
- Wider considerations
- Next steps
Source: Deloitte
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