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EU’s CO2 border scheme will have limited impact – report


31 Aug 2021 06:34

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31 Aug 2021 06:34

(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,…

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