The European Commission is due to publish its proposal for a Carbon Border Adjustment Mechanism (CBAM) in mid-July. In a working document made available to EUROPE, it details the nature of this new instrument and its scope. This document is subject to change before its official publication.
As expected, and in line with the resolution voted by the European Parliament in March (see EUROPE B12675A8), the carbon adjustment mechanism will be a replica of the Emissions Trading Scheme (ETS) for...