Climate | Energy
Third-country carbon pricing under the EU CBAM
Approaches for and challenges of recognising domestic payments
In October 2023, the EU introduced a Carbon Border Adjustment Mechanism (CBAM) imposing a carbon price on imports of selected goods to the EU market. This way, the CBAM complements the European Emissions Trading Scheme (EU ETS). One question that arises for the implementation of the new instrument is how third-country carbon prices can be recognised and deducted from CBAM payments.…weiterlesen