CBAM (Carbon Border Adjustment Mechanism)

CBAM is an EU measure that puts a carbon cost on certain imported goods — such as steel, cement, aluminium and fertilisers — so imports face carbon pricing comparable to EU production. It works alongside the EU ETS as free allowances are phased out.

CBAM requires importers to account for the embedded emissions of covered goods, levelling the carbon-cost playing field and reducing the risk of carbon leakage (production moving to regions without carbon pricing). For industrial exporters into the EU, it makes the carbon intensity of production a direct commercial factor.

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