The European Union Carbon Border Adjustment Mechanism – the launch in 2023
Dr David Savage
Member of the Editorial Board, Customs Compliance & Risk Management journal
Customs Compliance & Risk Management (CCRM) Journal, Issue 18, December 2022 / January 2023
January 29, 2023
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Image from Pixabay
In mid-December 2022, negotiators of the Council and the European Parliament reached an agreement of a provisional and conditional nature on the Carbon Border Adjustment Mechanism (CBAM). The agreement needs to be confirmed by ambassadors of the EU member states, and by the European Parliament, and adopted by both institutions before it is final. However, according to the agreed timetable, the transition period for its implementation is set to come into force in October 2023. What should companies do?
- Topic: duties, taxes , restrictions, trade barriers , import , sustainability
- Market: EU - European Union , Europe
- Copyright of the journal: CC Learning, UAB