Global Trade Alert
Global Trade Alert

EU: Adoption of the Carbon Border Adjustment Mechanism for iron and steel, cement, fertilisers, aluminium, and hydrogen imports

Announcement

16 May 2023

In May 2023, the European Union adopted the Carbon Border Adjustment Mechanism to tax a carbon price on certain imports of carbon-intensive goods. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Jan 2026

Revocation date:

No revocation date

Internal taxation of imports

On 16 May 2023, the European Union published Regulation (EU) 2023/956 adopting the Carbon Border Adjustment Mechanism (CBAM). The CBAM requires certain importers to acquire certificates calculated bas...

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