UK CBAM: Difference between revisions
←Created page with 'The UK Carbon Border Adjustment Mechanism ('''UK CBAM''') is a carbon tax on imports of certain high-carbon goods into the United Kingdom, similar to the EU CBAM. It will cover slightly different goods, with the list pending consultation in 2024, and is to be rolled out in 2027. The minded to sectors are aluminium, cement, ceramics, fertiliser, glass, hydrogen, iron and steel.<ref>{{Cite web |last=PricewaterhouseCooper...' |
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The UK Carbon Border Adjustment Mechanism ('''UK CBAM''') is a carbon tax on imports of certain high-carbon goods into the United Kingdom, similar to the [[Carbon Border Adjustment Mechanism|EU CBAM]]. It will cover slightly different goods, with the list pending consultation in 2024, and is to be rolled out in 2027. The minded to sectors are aluminium, cement, ceramics, fertiliser, glass, hydrogen, iron and steel.<ref>{{Cite web |last=PricewaterhouseCoopers |title=UK Government to implement CBAM by 2027 |url=https://www.pwc.co.uk/services/tax/insights/uk-government-implement-cbam-by-2027.html |access-date=2024-06-19 |website=PwC |language=en-gb}}</ref><ref>{{Cite web |title=Factsheet: UK Carbon Border Adjustment Mechanism |url=https://www.gov.uk/government/consultations/addressing-carbon-leakage-risk-to-support-decarbonisation/outcome/factsheet-uk-carbon-border-adjustment-mechanism |access-date=2024-06-19 |website=GOV.UK |language=en}}</ref> |
The UK Carbon Border Adjustment Mechanism ('''UK CBAM''') is a carbon tax on imports of certain high-carbon goods into the United Kingdom, similar to the [[Carbon Border Adjustment Mechanism|EU CBAM]]. It will cover slightly different goods, with the list pending consultation in 2024, and is to be rolled out in 2027. The minded to sectors are aluminium, cement, ceramics, fertiliser, glass, hydrogen, iron and steel.<ref>{{Cite web |last=PricewaterhouseCoopers |title=UK Government to implement CBAM by 2027 |url=https://www.pwc.co.uk/services/tax/insights/uk-government-implement-cbam-by-2027.html |access-date=2024-06-19 |website=PwC |language=en-gb}}</ref><ref>{{Cite web |title=Factsheet: UK Carbon Border Adjustment Mechanism |url=https://www.gov.uk/government/consultations/addressing-carbon-leakage-risk-to-support-decarbonisation/outcome/factsheet-uk-carbon-border-adjustment-mechanism |access-date=2024-06-19 |website=GOV.UK |language=en}}</ref> There are some differences regarding the type of emissions covered. Both EU and UK CBAM cover direct (‘Scope 1’) emissions. Regarding indirect (‘Scope 2’) emissions, the EU covers only emissions from electricity consumed during the production process. The UK CBAM proposals cover more indirect emissions, namley from heat, steam and cooling, as well as electricity.<ref>{{Cite web |date=2024-03-05 |title=Research Briefing. Carbon Border Adjustment Mechanism |url=https://commonslibrary.parliament.uk/research-briefings/cbp-9935/}}</ref> |
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== References == |
== References == |
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Revision as of 13:01, 19 June 2024
The UK Carbon Border Adjustment Mechanism (UK CBAM) is a carbon tax on imports of certain high-carbon goods into the United Kingdom, similar to the EU CBAM. It will cover slightly different goods, with the list pending consultation in 2024, and is to be rolled out in 2027. The minded to sectors are aluminium, cement, ceramics, fertiliser, glass, hydrogen, iron and steel.[1][2] There are some differences regarding the type of emissions covered. Both EU and UK CBAM cover direct (‘Scope 1’) emissions. Regarding indirect (‘Scope 2’) emissions, the EU covers only emissions from electricity consumed during the production process. The UK CBAM proposals cover more indirect emissions, namley from heat, steam and cooling, as well as electricity.[3]
References
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- ^ PricewaterhouseCoopers. "UK Government to implement CBAM by 2027". PwC. Retrieved 2024-06-19.
- ^ "Factsheet: UK Carbon Border Adjustment Mechanism". GOV.UK. Retrieved 2024-06-19.
- ^ "Research Briefing. Carbon Border Adjustment Mechanism". 2024-03-05.