EU agreement on CBAM

The EU institutions have agreed on the introduction of a defense mechanism against certain climate-damaging goods from non-EU countries such as China. The European Parliament, the EU Council of Member States and the EU Commission announced on Tuesday that an agreement had been reached on the so-called Carbon Border Adjustment Mechanism (CBAM). The system will initially cover products such as cement, iron and steel, aluminum, fertilizers, electricity and hydrogen. Data on the emissions of these goods is to be collected from October 2023.