Regulation of the European Parliament and the Council establishing a carbon border adjustment mechanism
Made under
Article 192(1) of the TFEU
Journal reference
2023/956
History
European Parliament vote
18 April 2023
Council Vote
25 April 2023
Preparative texts
Commission proposal
COM/2021/564 final
Current legislation
The Carbon Border Adjustment Mechanism (CBAM) is a carbon tariff on carbon intensive products, such as steel,[1] cement and some electricity,[2] imported to the European Union.[3] Legislated[4] as part of the European Green Deal, it takes effect in 2026, with reporting starting in 2023.[5][6] CBAM was passed by the European Parliament with 450 votes for, 115 against, and 55 abstentions[7][8] and entered into force on 17 May 2023.[9]
A similar CBAM in the UK will be implemented by 2027.[10]
^"Why Ukraine peace talks are more about talking than peace".
^Gore, Tim (13 September 2021). "The proposal for a Carbon Border Adjustment Mechanism fails the ambition and equity tests". Heinrich-Böll-Stiftung. Retrieved 3 October 2021.
^Oung, Angelica (2 October 2021). "Ministry urges firms to step up decarbonization". Taipei Times. Retrieved 3 October 2021.
^Smith-Meyer, Bjarke (14 September 2021). "OECD boss: Digital tax deal can inspire global deal on carbon pricing". Politico. Retrieved 3 October 2021.
^Catrain, Lourdes; Seeuws, Stephanie; Schroeder, Stefan; Poll-Wolbeck, Finn; Maruyama, Warren H.; Hawkins, Gregory M. (9 September 2021). "The EU Carbon Border Adjustment Mechanism : inspiration for others or Pandora's box?". engage.hoganlovells.com. Archived from the original on 28 September 2021. Retrieved 22 November 2021.
^Hancock, Alice; Espinoza, Javier (18 December 2022). "Brussels agrees details of world-first carbon border tax". Financial Times. Retrieved 20 December 2022.
^"Carbon border adjustment mechanism as part of the European green deal". Legislative Train Schedule (European Parliament). 20 November 2022. Retrieved 20 December 2022.
^"Results of Votes (22 June 2022)" (PDF). European Parliament. 22 June 2022. Archived from the original (PDF) on 9 July 2022. Retrieved 20 December 2022.
^"Carbon Border Adjustment Mechanism". European Commission. European Union. Retrieved 21 May 2023.
^"Factsheet: UK Carbon Border Adjustment Mechanism". GOV.UK. Retrieved 31 January 2024.
and 26 Related for: Carbon Border Adjustment Mechanism information
or effective carbon prices into account has policy implications for the design of bordercarbonadjustment (BCA) mechanisms. BCA mechanisms attempt to prevent...
transport, renewables, and a tariff called the CarbonBorderAdjustmentMechanism on emissions for high-carbon imports from countries lacking sufficient greenhouse...
Socialists & Democrats vice president and rapporteur for the carbonborderadjustmentmechanism. "Politico" rated him with an influence of 17/30 in October...
climate club and the resulting introduction of carbon pricing. The EU's CarbonBorderAdjustmentMechanism (CBAM) has been labeled as the possible beginning...
enter their trading region Energy portal CarbonBorderAdjustmentMechanismCarbon footprint Carbon shifting Carbon tax Embedded emissions Emissions trading...
up a green steel plant to comply with the European Union’s CarbonBorderAdjustmentMechanism and gradually reduce it use of blast furnaces throughout its...
global carbon market, saying it is better than the CarbonBorderAdjustmentMechanism of the European Union. In 2023 the global value of carbon markets...
Council (CLC), and Americans for Carbon Dividends (AFCD) support a revenue-neutral carbon tax with a borderadjustment. The latter two organizations advocate...
club and have not introduced similar carbon pricing. It has been argued that the carbonborderadjustmentmechanism (CBAM) of the European Union could become...
mid-2022, the EU Allowance had never reached that price, and the CarbonBorderAdjustmentMechanism had not yet been implemented. However, a company making small...
published an action plan in response to its CarbonBorderAdjustmentMechanism. Turkey is aiming for net zero carbon emissions by 2053. But Climate Action Tracker...
Yeldan, A. Erinç (1 June 2022). "Potential effects of the EU's carbonborderadjustmentmechanism on the Turkish economy". Environment, Development and Sustainability...
order not to advantage countries without a carbon price, the EU has designed the CarbonBorderAdjustmentMechanism to come into effect in 2026, which will...
change risk to their businesses is carbon pricing, such as the European Union CarbonBorderAdjustmentMechanism.: 10 Unless global emissions are greatly...
working group for approach agreement to the application of the carbonborderadjustmentmechanism to Ukraine in consultation with the European Commission A...
financing, the following new resources have been foreseen: CarbonBorderAdjustmentMechanism (CBAM), according to which goods will be taxed in relation...
Institute of Environment and Renewable Natural Resources (IBAMA) CarbonBorderAdjustmentMechanism Coffee plantation Coffee production in Brazil Deforestation...
example, the UK and the EU may include electricity in their CarbonBorderAdjustmentMechanisms. Alternatively the emissions trading systems (ETS) of the...
to low-carbon energy sources and products. A border tax adjustment is levied on imports from nations that lack their own equivalent fee on carbon. For example...
ambitions of other countries. It includes a Carbon BorderAdjustmentMechanism, that will prevent Carbon leakage. Greta Thunberg and other climate activists...
Wayback Machine DECC Condon, Madison; Ignaciuk, Ada (1 June 2013). "BorderCarbonAdjustment and International Trade: A Literature Review". OECD Trade and Environment...
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