Introduction of a Carbon Border Adjustment Mechanism (CBAM) in the EU : overview of the functioning of CBAM / publisher: Umweltbundesamt ; authors, institutions: Sean Healy, Johanna Cludius & Verena Graichen, Öko-Institut
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Introduction of a Carbon Border Adjustment Mechanism (CBAM) in the EU
Discovery
1852251409
URN
urn:nbn:de:gbv:3:2-977467
DOI
ISBN
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Publication history
Dessau-Roßlau : Umweltbundesamt, [Juli 2023]
Content
1 Online-Ressource (12 Seiten, 1,09 MB) : Illustration
Edition
Language
eng
Comment
Completion: July 2023
Im Kopf steht entgegen der Information "completion: July 2023" die Angabe "30. May 2023"
Abstract
The EU will introduce a carbon border adjustment mechanism (CBAM) on October 1, 2023. The main idea is to apply the same carbon price to imported emission-intensive goods as if they had been produced under EU carbon pricing rules (EU ETS). This is intended to prevent the relocation of domestic industry, which has to bear rising CO2 costs within the EU ETS, to countries without comparable carbon pricing. This would not protect the climate. The factsheet explains the objectives and functioning of the new climate protection instrument.