CBAM Regulation And Its Effect On Balkan Companies In Iron And Steel, Cement, Fertilisers, Aluminium, Hydrogen And Electricity Sectors – Environmental Law
What is the CBAM? The EU Carbon Border Adjustment Mechanism (the “CBAM”) was established by the CBAM Regulation (EU) 2023/956 (the “CBAM Regulation”), which came into force in May 2023. It is a carbon tariff system introduced as part of the EU’s goal to reduce greenhouse emissions by at least 55 % by 2030. While…