Adelaide Egan

Oct 19, 2023 | energyregulationquarterly.ca | Neil Campbell |Talia Gordner |Lisa Page |Adelaide Egan

Introduction As part of its plan to reduce greenhouse gas emissions by 55 per cent by 2030, the European Union (“EU”) signed into law a new Carbon Border Adjustment Mechanism (“CBAM”) Regulation on May 10, 2023.[2] The Regulation is substantially similar to the EU’s original CBAM proposal published in July 2021.[3] Border carbon adjustments are a trade tool designed to level the playing field for tradable products affected by global climate regulation.[4] The CBAM will impose a charge on...