Do you operate in the European Union (EU)? Do your operations rely on products such as aluminium, cement, electricity, fertilisers, iron and steel, hydrogen, precursors or certain downstream products such as screws, bolts etc.? Do you source these products from outside the EU?
If your answer to these three questions is yes, then the Carbon Border Adjustment Mechanism (CBAM) will start affecting you in less than ten months. Are you ready?
Source PwC
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