10/08/2024

The EU’s Carbon Border Adjustment Mechanism (CBAM)

Our report delves into the EU’s Carbon Border Adjustment Mechanism requirements and strategic implications for corporate executives to consider.

    solar panels at dusk

    The European Union’s Carbon Border Adjustment Mechanism (CBAM), a “carbon tax” policy aimed at levelling the price of carbon for EU products, became effective in 2024.

    CBAM presents a major shift in the carbon market, with broad effects on global trade, corporate strategy, and environmental policy.

    In this report we detail CBAM’s strategic implications for businesses and its global impact.

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    This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.