Are you importing certain raw materials or products into the European Union? If so, you need to be aware of the Carbon Border Adjustment Mechanism (CBAM) and its impending deadlines. This new regulation affects importers of specific carbon-intensive goods, aiming to level the playing field between EU and non-EU producers.
Who does CBAM apply to?
CBAM currently applies to importers of the following goods:
- Cement
- Iron and steel
- Aluminium
- Fertilisers
- Electricity
- Hydrogen
It's important to note that CBAM doesn't just cover raw materials, but also some products made from these materials. For example, it includes certain iron and steel products
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