What is CBAM? Have you heard of CBAM? No? Well, depending on your line of business it may now be time to read up on it. The major EU framework was established by an EU Regulation adopted by EU co-legislators on 16 May 2023 (OJ L 130/52 https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32023R0956; the CBAM Regulation). It lays down obligations…

Susanne Akerfeldt (Senior Adviser, Ministry of Finance, Sweden[1]) What is CBAM? Simply put, CBAM is an EU proposal to ensure that imports of certain goods to the EU pay the same price on carbon emissions, as would have been paid if these goods have been produced in the EU. The EU Commission presented a proposal…