Insight
CBAM update 2025: readiness of CBAMs beyond Europe
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The EU CBAM has triggered a global effect prompting countries to develop their own carbon pricing systems. Wood Mackenzie expects this momentum to grow with more countries exploring domestic carbon pricing with CBAM-like mechanisms. This insight assesses whether countries can navigate embedded emissions accounting and reporting requirements. It evaluates the capacity-building needed to determine emissions intensity across goods and can account for the diverse carbon pricing structures applied to products in their country of origin.
Table of contents
- Executive summary
- Growing carbon pricing regimes and CBAMs
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Capacity-building in carbon border taxation
- EU’s proposed changes to the CBAM
- 1. Approaches to calculating embedded emissions
- 2. Adjustments for carbon prices paid in third countries
- 3. Building MRV systems and data infrastructure for CBAMs
- Recommendations
- Facilities
- Importers
- Way forward: international cooperation
Tables and charts
This report includes the following images and tables:
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Status of CBAMs and corresponding domestic pricing regimesRise in domestic carbon pricing regimes post-2019Assessing the design of CBAMs
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2025 proposed changes to the EU CBAMApproach to using default values of upcoming CBAMsApproach to determining effective carbon priceEU’s top trading partner’s MRV readiness to implement CBAMLegend
What's included
This report contains:
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