Insight
2023: the debut of the first carbon border tax
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The European Union reached a provisional agreement on a first-of-its-kind Carbon Border Adjustment Mechanism (CBAM) in December 2022. The agreed shape of the CBAM is more ambitious than the initial proposal made by the European Commission, with an accelerated schedule and expanded scope. Read our report to find out - The key updates on the CBAM legislation process - How will the CBAM work? - How will the CBAM push decarbonization?
Table of contents
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How will the CBAM work?
- Which countries are covered?
- What emissions are covered?
- What sectors are covered?
- What is the threshold?
- How are embedded emissions determined?
- How is the CBAM price determined?
- CBAM certificate purchase and surrender
- What doesn’t the provisional agreement answer?
- How will the CBAM push decarbonization?
Tables and charts
This report includes the following images and tables:
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Summary of the provisional agreement on the CBAMCBAM certificates surrender, re-purchase and cancellation
What's included
This report contains:
