Exports from Kazakhstan’s steel sector to the EU could face annual costs of over €100 million under the Carbon Border Adjustment Mechanism (CBAM). This was discussed during the presentation of a report on the country’s readiness for CBAM.
On 12 June, EU countries agreed to limit the circumstances under which the bloc may suspend the collection of carbon levies on imports under the Carbon Border Adjustment Mechanism (CBAM) ... CBAM reform.
According to the EU, the revisions are intended to strengthen the effectiveness of CBAM while reducing administrative burdens and improving emissions reporting accuracy. CBAM scope expanded to ...
CBAM...The European Union’s Carbon Border Adjustment Mechanism (CBAM) was evaluated both as a climate policy instrument and as a potential competitive or protective mechanism influencing global trade flows.