- The Commission is expanding the Carbon Border Adjustment Mechanism (CBAM) to include specific steel and aluminium-intensive downstream products starting January 1, 2028.
- New measures aim to close loopholes, prevent circumvention, and protect EU producers from carbon leakage, while rewarding cleaner companies globally.
- Proposals introduce the concept of equivalence in carbon tax and price deduction, and allow for negotiated trade facilitation measures with international partners.
- The scope extension will cover 180 steel and aluminium-intensive products, mostly industrial supply chain goods, to ensure emissions are reduced rather than relocated.
- Additional anti-circumvention measures include enhanced reporting and the inclusion of pre-consumer scrap in CBAM calculations for fairer carbon pricing.
Source: ec.europa.eu
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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