ESG

EU Carbon Border Adjustment Mechanism (CBAM) Explainer UK

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20. november 2024 esg, #esg, #EU


EU Carbon Border Adjustment Mechanism (CBAM)

Is your company obligated to report CBAM? CBAM is also known as the EU “CO2-tariff”, which puts a price on the CO2 emissions of selected products when they are imported into the EU. Until 2026, CBAM only entails a reporting obligation. After 2026, there will also be a payment obligation, equivalent to the price which would have been paid within the EU for the same amount of emissions.  

You can learn more in the explainer about what CBAM is, how reporting works and what your company should be aware of if you are covered by CBAM.

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