EU to impose carbon border adjustment mechanism on steel, Al imports, other products

The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to a draft of the EC’s proposal seen by Fastmarkets on June 10.

The mechanism will integrate into the EU’s current system that it established for greenhouse gas emissions allowance trading via the application of an equivalent regime for imports into the union,...

Published

Maria Tanatar

June 10, 2021

12:40 GMT

London