Carbon Border Adjustment Mechanism
The Carbon Border Adjustment Mechanism (CBAM) is a proposed carbon tariff on carbon intensive products, such as cement and some electricity,[1] imported by the European Union.[2] Currently being legislated[3] as part of the European Green Deal it is likely to take effect in 2026 with reporting starting in 2023.[4] The price of CBAM certificates would be linked to price of EU allowances under the European Union Emissions Trading System[5][6] and it is designed to stem carbon leakage from countries without a carbon price.[7]
References
- ^ "The proposal for a Carbon Border Adjustment Mechanism fails the ambition and equity tests | Heinrich Böll Stiftung | Brussels office - European Union". Heinrich-Böll-Stiftung. Retrieved 2021-10-03.
- ^ "Ministry urges firms to step up decarbonization - Taipei Times". www.taipeitimes.com. 2021-10-02. Retrieved 2021-10-03.
- ^ "OECD boss: Digital tax deal can inspire global deal on carbon pricing". POLITICO. 2021-09-14. Retrieved 2021-10-03.
- ^ "The EU Carbon Border Adjustment Mechanism : inspiration for others or Pandora's box?". www.engage.hoganlovells.com. Retrieved 2021-11-22.
{{cite web}}: CS1 maint: url-status (link) - ^ "A European Union Carbon Border Adjustment Mechanism: Implications for developing countries" (PDF). UNCTAD.
{{cite web}}: CS1 maint: url-status (link) - ^ "The Carbon Border Adjustment Mechanism (CBAM)". www.ey.com. Retrieved 2021-10-03.
- ^ "Carbon Border Adjustment Mechanism (CBAM) will stem 'carbon leakage', European Commission tax and customs chief tells MEPs". The Parliament Magazine. 2021-09-13. Retrieved 2021-10-03.
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