In a long-term move towards environmental sustainability, the European Union (EU) has unveiled the Carbon Border Adjustment Mechanism (CBAM). This regulation, a main pillar of the EU’s ambitious green deal, aims to combat climate change by significantly reducing greenhouse gas emissions. From 2026, CBAM will introduce new tariffs on imported products from outside the EU based on their contained carbon.<\/strong><\/span><\/p>\n Importers will be required to acquire certificates corresponding to the total emissions of imported goods, priced at the prevailing rate of CO2 in the EU. This measure targets the following carbon-intensive goods: <\/strong>aluminium, cement, electricity, fertilizers, hydrogen and steel.\u00a0Incorporating Scope 1 emissions<\/strong> from production facilities and Scope 2 emissions<\/strong> from electricity usage during manufacturing, CBAM is taking a comprehensive approach to carbon accounting. However, it’s important to highlight that CBAM does not cover emissions falling under Scope 3 categories, such as those originating from primary products and transportation.<\/p>\n <\/p>\n