The European Parliament approved a plan this week to charge some imports for their emissions in a big step towards harmonizing climate and trade in one of the world’s largest economies. The EU’s Carbon Border Adjustment Mechanism, or CBAM, would require importers of certain carbon-intensive goods to pay a fee on the emissions released during the good’s production...
We at the Council analyzed the impact of a European Union plan to charge certain carbon-intensive goods for the emissions released during their production. Though the plan is far from finalized and significant questions remain, it appears that carbon-efficient U.S. producers stand to gain under the proposal. The European proposal known as the carbon border...
After months of negotiation, the EU has reached a provisional agreement on the Carbon Border Adjustment Mechanism (CBAM). Starting in October 2023, EU imports of steel, aluminum, fertilizers, and more will face requirements at the border to report their carbon intensity; fees will soon follow. It’s the first major step by a set of climate-ambitious countries to...
In May of 2022, the European Parliament officially approved its Carbon Border Adjustment Mechanism (CBAM) to charge carbon-intensive imports for their emissions. Before it can determine fee structures for individual products, the EU must establish clear guidelines on the information that importers are required to report about their goods. On June 13, the EU published...
The EU has finalized rules to govern the Carbon Border Adjustment Mechanism (CBAM) transition phase, which imposes a reporting requirement on importers of select covered goods. Beginning October 1st and running through 2025, importers of steel, aluminum, cement, fertilizers, hydrogen, and electricity into the EU will have to provide information about the emissions...
The EU Carbon Border Adjustment Mechanism (CBAM), the world’s first carbon import fee on internationally traded goods, entered its inaugural phase on October 1, marking a profound transformation for the global trading system. During this “transitional period,” importers will have to report specific emissions information associated with the production of iron and...
Import fees based on emissions intensity are just around the corner. The EU Carbon Border Adjustment Mechanism (CBAM) is in effect and on January 31, importers were required to submit their first CBAM reports on the emissions associated with production of iron and steel, aluminum, cement, fertilizers, hydrogen, and electricity. Beginning in 2026, importers will be...
Starting in 2026, the EU Carbon Border Adjustment Mechanism (CBAM) will begin charging importers for the emissions associated with the manufacturing of certain products. Producers of iron and steel, aluminum, cement, fertilizers, hydrogen, and electricity around the world will soon have to consider how these additional costs will impact their bottom line. Previous...