
EU Carbon Border Adjustment Mechanism (CBAM)
20 December 2022 - The European Commission presented in July 2021 its ambitious Fit for 55 legislation package, which supports its commitment to reduce net greenhouse gas emissions within the EU by at least 55% by 2030 (compared to 1990). From an international trade point of view, the most important part of the package is the Carbon Border Adjustment Mechanism (CBAM).