- UK’s CBAM consultation aims to address the embedded carbon hidden in imported goods
- CBAMs could level the playing field for industries in countries with carbon pricing schemes
- Importers will need to calculate and declare the carbon content of covered goods
- The UK is consulting on introducing its own CBAM with a proposed implementation date of 1 January 2027
- Input is needed on key areas such as scope, calculations, verification, alignment with global markets, and administrative ease
- Businesses will need support navigating the new CBAM landscape
Source: accountancyage.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.
