EU unveils proposal for Carbon Border Adjustment Mechanism on steel, aluminium imports

The European Commission (EC) adopted on Wednesday July 14 a package of proposals under the EU Green deal that affect the metals industry, including a Carbon Border Adjustment Mechanism (CBAM).

The CBAM will apply to imports into the EU of iron and steel, aluminium, cement, fertilizers and electricity.

During a transition period from 2023 to 2025, importers will have to...

Published

Maria Tanatar

July 14, 2021

19:00 GMT

London