UK: start of the public consultation on the introduction of a UK carbon border adjustment mechanism (CBAM)
Import and Trade Remedies
MARCH 27, 2024
To achieve this it will impose a carbon price on imported goods with the aim of levelling the playing field and ensuring that imported goods are subject to a carbon price that is comparable to that incurred by manufacturers based in the UK. Importers will be able to rely on default values, at least until 2031.
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