Carbon Border Adjustment Mechanism: Difference between revisions

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imported>Doug Williamson
(Create page. Covington Global Policy Watch https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/)
 
imported>Doug Williamson
(Add external link.)
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* [[Environmental profit and loss]]
* [[Environmental profit and loss]]
* [[Footprint]]
* [[Footprint]]
* [[International Institute for Sustainable Development]]
* [[Regulation]]
* [[Regulation]]
* [[Renewables]]
* [[Renewables]]
* [[Streamlined Energy and Carbon Reporting]]
* [[Streamlined Energy and Carbon Reporting]]
* [[World Trade Organisation]] (WTO)




==External link==
==External links==


*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]
*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]
*[https://sdg.iisd.org/commentary/guest-articles/an-eu-carbon-border-adjustment-mechanism-can-it-make-global-trade-greener-while-respecting-wto-rules/ Can an EU CBAM make global trade greener while respecting WTO rules? - International Institute for Sustainable Development]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 00:48, 10 July 2021

Environmental policy - European Union - regulation.

(CBAM).

The Carbon Border Adjustment Mechanism is a draft EU Regulation.

It is designed to address the problem of carbon leakage out of the EU and into other countries.

Carbon leakage is the risk that greenhouse gas (GHG) emissions may increase in other countries, as a consequence of reductions within the EU.


The mechanism of the CBAM would be a charge on goods imported to the EU, that had excessive levels of embedded carbon.

Embedded carbon is a measure of the GHG emissions released during the production of goods in those other countries.


Importers would need to buy and surrender CBAM certificates for each tonne of CO2 - or equivalent GHG emissions.

The price of CBAM certificates would be the same as the price of the equivalent EU Emissions Trading System (EU ETS) allowances.


See also


External links