(Montel) The impact of the EU’s new carbon border adjustment mechanism (CBAM) on European importers is expected to be “minor”, said a new a study released on Tuesday.
Overall, the total cost of the scheme – which imposes a levy on imports of carbon intensive products from third countries – would barely reach EUR 1bn in 2026 and EUR 1.6bn by 2035, added the report from think-tanks Sandbag and E3G.
The CBAM would be rolled out from 2023, affecting major trading partners the US, Russia, China, Turkey, Ukraine and South Korea, focusing on the aluminium,…
