Tag #Carbon Border Adjustment Mechanism (Cbam)

How will the revised CBAM, with its exemption of 80% of businesses, affect the EU's ability to meet its climate goals and promote green industrialization?

The EU's Carbon Border Adjustment Mechanism (CBAM), designed to level the playing field for energy-intensive products, is being revised to exempt 80% of businesses, impacting its effectiveness in promoting green industrialization and potentially hindering the EU's climate goals. The initial plan required reporting for imports exceeding €150, but this threshold will likely be raised, reducing its scope.