Law-Now
24 Nov 2023 ·
International
Carbon Border Adjustment Mechanism transition in effect since 1 October 2023
1 min read
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On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges against third-country importers of certain goods and only permits...
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