CBAM — latest ecology news
Compensation for eco-damages through CBAM will have a number of advantages
European steel association Eurofer has expressed concern about CBAM
CBAM will be phased in from 2026 to 2034 at the same rate as free allowances phase out
The carbon tax does not apply to scrap
Entrepreneurs united for the sake of the future of their mainly export-oriented companies
China has opposed the carbon tax for years
Taiwanese steel exporters are likely to have to pay the difference under the CBAM
About 10% of Southeast Asian manufactured goods exports to the EU are subject to CBAM
The UK has its own ETS emissions trading system since January 1, 2021
Overall EU ambitions to reduce emissions by 2030 compared to 2005 increased to 62%
Businesses will be required to register and report to CBAM
Europe must find ways to help other countries follow its rules