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EU Carbon Border Adjustment Mechanism (CBAM) Regulation 2023/956 - Carbon Price Certificates for Imported Goods

Regulation (EU) 2023/956 establishes a Carbon Border Adjustment Mechanism (CBAM) requiring importers of cement, iron and steel, aluminium, fertilisers,…

What EU Carbon Border Adjustment Mechanism (CBAM) Regulation 2023/956 - Carbon Price Certificates for Imported Goods requires

Regulation (EU) 2023/956 establishes a Carbon Border Adjustment Mechanism (CBAM) requiring importers of cement, iron and steel, aluminium, fertilisers, electricity, and hydrogen to purchase CBAM certificates proportional to the embedded carbon in imported goods. This equalises the carbon cost between EU domestic production (subject to EU ETS) and imports, preventing carbon leakage. Reporting-only transitional phase 2023-2025; full financial CBAM from 2026.

Pillar: Sustainability & ESG · Authority: European Commission - DG TAXUD; EU ETS Competent Authorities · Version: 1.0.0 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R0956

SHA-256 integrity: 844b1e35bc84b8ac3862e27f7d35f370bf43cd114c73a24a8d8710ae91269ff1

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