Q: What is the European Union's Carbon Border Adjustment Mechanism (CBAM)?
The European Union's CBAM is a policy designed to impose a carbon price on certain imported goods to prevent carbon leakage and encourage cleaner production. It effectively acts as a carbon tax on imports like iron, steel, cement, aluminium, fertilisers, and electricity.
Q: When will the CBAM take effect, and what are its preliminary actions?
The full effect of the CBAM is set for January 1, 2026. However, starting October 1 of the current year, there are provisions that companies in c...
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