- 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.
Latest Posts in "European Union"
- EU VAT Data Exchange Divides Members, Hindering Digital Tax Future
- Recent ECJ and General Court VAT Jurisprudence and Implications for EU Compliance – March 2026
- Comments on T-221/25: EU General Court confirms (former) Belgian VAT treatment of travel outside the EU
- Agenda of the ECJ/General Court VAT cases – 1 Judgment, 2 AG Opinions till April 30, 2026
- EU Courts Reshape Transfer Pricing’s Impact on Indirect Taxes
