EU Carbon Border Adjustment Mechanism explainer

By IM Staff
Published: Tuesday, 23 November 2021

Earlier this year, the EC adopted a package of proposals under the EU Green Deal, which included a Carbon Border Adjustment Mechanism (CBAM) for imported products. Fastmarkets outlines what this will mean for the iron, steel and aluminium sectors.

Adopted by the European Commission on July 14, 2021, CBAM will apply to imports into the EU of iron, steel and aluminium, along with cement, fertilizers and electricity.

Why is it needed?
In the European Green Deal, the Commission proposed a new EU target to reduce greenhouse gas emissions by...

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