Carbon Border Adjustment Mechanism - Revision history

imported>Doug Williamson: Add link.

2023-05-18T08:55:07Z

Add link.

← Older revision		Revision as of 08:55, 18 May 2023
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	* [[Renewables]]		* [[Renewables]]
	* [[Streamlined Energy and Carbon Reporting]]		* [[Streamlined Energy and Carbon Reporting]]
			* [[UK CBAM]]
	* [[World Trade Organization]] (WTO)		* [[World Trade Organization]] (WTO)

imported>Doug Williamson: Add alternative name - source - ACT - https://www.treasurers.org/hub/technical/esg-sustainable-finance/act-resources/esg-update-february-2023

2023-02-26T17:19:49Z

Add alternative name - source - ACT - https://www.treasurers.org/hub/technical/esg-sustainable-finance/act-resources/esg-update-february-2023

← Older revision		Revision as of 17:19, 26 February 2023
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	The price of CBAM certificates is the same as the price of the equivalent EU Emissions Trading System (EU ETS) allowances.		The price of CBAM certificates is the same as the price of the equivalent EU Emissions Trading System (EU ETS) allowances.


			The Carbon Border Adjustment Mechanism is sometimes known as the EU's ''carbon border tax''.

imported>Doug Williamson: Update for implementation period.

2022-03-26T17:54:23Z

Update for implementation period.

← Older revision		Revision as of 17:54, 26 March 2022
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	(CBAM).		(CBAM).

	The Carbon Border Adjustment Mechanism is ~~a draft~~ EU Regulation.		The Carbon Border Adjustment Mechanism is an EU Regulation, phased in over the period 2023 to 2026.

	It is designed to address the problem of ''carbon leakage'' out of the EU and into other countries.		It is designed to address the problem of ''carbon leakage'' out of the EU and into other countries.
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	The mechanism of the CBAM ~~would be~~ a charge on goods imported into the EU, that ~~had~~ excessive levels of embedded carbon.		The mechanism of the CBAM is a charge on goods imported into the EU, that have excessive levels of embedded carbon.

	Embedded carbon is a measure of the GHG emissions released during the production of goods in those other countries.		Embedded carbon is a measure of the GHG emissions released during the production of goods in those other countries.


	Importers ~~would~~ need to buy and surrender CBAM certificates for each tonne of CO<sub>2</sub> - or equivalent GHG emissions.		Importers need to buy and surrender CBAM certificates for each tonne of CO<sub>2</sub> - or equivalent GHG emissions.

	The price of CBAM certificates ~~would be~~ the same as the price of the equivalent EU Emissions Trading System (EU ETS) allowances.		The price of CBAM certificates is the same as the price of the equivalent EU Emissions Trading System (EU ETS) allowances.

imported>Doug Williamson: Add link.

2022-03-26T17:52:00Z

Add link.

← Older revision		Revision as of 17:52, 26 March 2022
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	==External links==		==External links==
			*[https://ec.europa.eu/taxation_customs/green-taxation-0/carbon-border-adjustment-mechanism_en Carbon Border Adjustment Mechanism - European Commission]
	*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]		*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]
	*[https://sdg.iisd.org/commentary/guest-articles/an-eu-carbon-border-adjustment-mechanism-can-it-make-global-trade-greener-while-respecting-wto-rules/ Can an EU CBAM make global trade greener while respecting WTO rules? - International Institute for Sustainable Development]		*[https://sdg.iisd.org/commentary/guest-articles/an-eu-carbon-border-adjustment-mechanism-can-it-make-global-trade-greener-while-respecting-wto-rules/ Can an EU CBAM make global trade greener while respecting WTO rules? - International Institute for Sustainable Development]

imported>Doug Williamson: Amend wording.

2021-07-14T15:16:54Z

Amend wording.

← Older revision		Revision as of 15:16, 14 July 2021
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	The mechanism of the CBAM would be a charge on goods imported to the EU, that had excessive levels of embedded carbon.		The mechanism of the CBAM would be a charge on goods imported into the EU, that had excessive levels of embedded carbon.

	Embedded carbon is a measure of the GHG emissions released during the production of goods in those other countries.		Embedded carbon is a measure of the GHG emissions released during the production of goods in those other countries.

imported>Doug Williamson: Mend link.

2021-07-10T00:49:39Z

Mend link.

← Older revision		Revision as of 00:49, 10 July 2021
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	* [[Renewables]]		* [[Renewables]]
	* [[Streamlined Energy and Carbon Reporting]]		* [[Streamlined Energy and Carbon Reporting]]
	* [[World Trade ~~Organisation~~]] (WTO)		* [[World Trade Organization]] (WTO)

imported>Doug Williamson: Add external link.

2021-07-10T00:48:54Z

Add external link.

← Older revision		Revision as of 00:48, 10 July 2021
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	* [[Environmental profit and loss]]		* [[Environmental profit and loss]]
	* [[Footprint]]		* [[Footprint]]
			* [[International Institute for Sustainable Development]]
	* [[Regulation]]		* [[Regulation]]
	* [[Renewables]]		* [[Renewables]]
	* [[Streamlined Energy and Carbon Reporting]]		* [[Streamlined Energy and Carbon Reporting]]
			* [[World Trade Organisation]] (WTO)


	==External ~~link~~==		==External links==

	*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]		*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]
			*[https://sdg.iisd.org/commentary/guest-articles/an-eu-carbon-border-adjustment-mechanism-can-it-make-global-trade-greener-while-respecting-wto-rules/ Can an EU CBAM make global trade greener while respecting WTO rules? - International Institute for Sustainable Development]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Create page. Covington Global Policy Watch https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/

2021-07-10T00:43:28Z

Create page. Covington Global Policy Watch https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/

New page

''Environmental policy - European Union - regulation.''

(CBAM).

The Carbon Border Adjustment Mechanism is a draft EU Regulation.

It is designed to address the problem of ''carbon leakage'' out of the EU and into other countries.

Carbon leakage is the risk that greenhouse gas (GHG) emissions may increase in other countries, as a consequence of reductions within the EU.

The mechanism of the CBAM would be a charge on goods imported to the EU, that had excessive levels of embedded carbon.

Embedded carbon is a measure of the GHG emissions released during the production of goods in those other countries.

Importers would need to buy and surrender CBAM certificates for each tonne of CO<sub>2</sub> - or equivalent GHG emissions.

The price of CBAM certificates would be the same as the price of the equivalent EU Emissions Trading System (EU ETS) allowances.

== See also ==
* [[Carbon credits]]
* [[Carbon footprint]]
* [[Carbon leakage]]
* [[Carbon-neutral]]
* [[Carbon tax]]
* [[Carbon Trust]]
* [[Corporate social responsibility]]
* [[Decarbonise]]
* [[Embedded carbon]]
* [[Environmental profit and loss]]
* [[Footprint]]
* [[Regulation]]
* [[Renewables]]
* [[Streamlined Energy and Carbon Reporting]]

==External link==

*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Technology]]
[[Category:Trade_finance]]