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CBAM - how the EU's new carbon border tax will impact non-EU businesses

Published Date
Jun 7, 2023
On 17 May 2023, the EU Regulation establishing a carbon border adjustment mechanism (the CBAM Regulation) came into force. The CBAM Regulation will become applicable in phases, with provisions applying from 1 October 2023, 31 December 2024 and 1 January 2026.

The CBAM is relevant to EU and non-EU businesses that sell or import in-scope goods from third countries into the EU. In this bulletin, we explore the impact of the CBAM on non-EU businesses, and provide recommendations for getting ‘CBAM ready’.

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CBAM how the EUs new carbon border tax will impact non EU businesses

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This content was originally published by Allen & Overy before the A&O Shearman merger

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Matthew Townsend

Partner

London

He also co-heads the International Trade Group. Matt advises on a wide range of regulatory and compliance matters including sustaina...

Gauthier van Thuyne

Gauthier van Thuyne

Partner

Brussels

 He is the Belgium Sustainability Lead and a member of our Global Sust...

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Arthur Sauzay

Partner

Paris

He advises clients in the context of interactions with public authorities and has extensive experience in the field of administrativ...

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Ying-Peng Chin

Senior Knowledge Lawyer

London

Prior to joining the firm, she worked for over nine years at a leading international law firm in London where she advised on a broad ra...
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Danae Wheeler

Senior Associate

London

Danae’s experience includes advising clients on sustainability reporting and disclosure, including pursuant to the TCFD, the NFSI...