Summary:
Regulation (EU) 2023/956 – adopted by the co-legislators on 10 May 2023 – establishing a new Carbon Border Adjustment Mechanism (CBAM) or CO2 Tariff
Further information:
This Regulation establishes a Carbon Border Adjustment Mechanism (CBAM) to address greenhouse gas (GHG) emissions embedded in the goods on their importation into the EU customs territory in order to prevent the risk of carbon leakage.
Commentary & Analysis:
PwC (Netherlands): Services: Carbon Border Adjustment Mechanism
The Economist, 07/08/2021: The EU’s proposed carbon tariff gets a mixed reaction from industry
Harvard International Review, 17/11/2021: The European Union, the Carbon Border Adjustment Mechanism, and Global Climate Leadership
PriceWaterhouseCoopers (PwC): Tax & Legal News, 10/01/2023: EU Carbon Border Adjustment Mechanism (CBAM) – what do businesses in the Middle East need to know?
Institute for European Environmental Policy (IEEP): Blog, 16/01/2023: Agreement on CBAM: A long way to go
Center for Strategic & International Studies (CSIS): Brief, 17/02/2023: Analyzing the European Union’s Carbon Border Adjustment Mechanism
Oxford Institute for Energy Studies: OIES Podcast, 16/03/2023: Can the EU’s carbon border adjustment mechanism accelerate progress on China’s emissions trading system?
White&Case, 16/03/2023: The EU Agreement on a Carbon Border Adjustment Mechanism
ING Think: Article, 02/05/2023: How the EU’s carbon border tax will affect the global metals trade
Carnegie Endowment for International Peace: Article, 09/05/2023: A Political Economy Perspective on the EU’s Carbon Border Tax
KPMG: Insights, 17/05/2023: EU: Rules for carbon border adjustment mechanism (CBAM) are effective
Clyde&Co: Insights, 22/05/2023: The EU Carbon Border Adjustment Mechanism – An Update
German Institute for Economic Research (DIW Berlin): Weekly Report No 22, 01/06/2023: The New European Carbon Border Adjustment Mechanism
London School of Economics (LSE): Business Review, 05/06/2023: EU efforts to decarbonise trade must avoid unintended impacts on Africa
Linklaters: Publications, 06/06/2023: EU Carbon Border Adjustment Mechanism (CBAM): What you need to know
