1 October 2023 is the effective date of the first obligations for importers under CBAM (the Carbon Border Adjustment Mechanism), i.e. an EU mechanism for adjusting the prices of imported goods for the CO2 emissions associated with their production. This means a need to monitor import transactions, calculate emissions in the price of the goods covered by the mechanism, and perform reporting obligations.
More information available in our Alert.
More information available in our Alert.