Take Your Trading To The Next Level. Get Started Here!

UK to launch carbon border adjustment mechanism from 2027

December 19, 2023 Comments Off

The UK will implement its own carbon border adjustment mechanism (CBAM) by 2027, which will put a carbon charge on imports of iron, steel, aluminum, ceramics and cement into the UK, the government said Dec. 18. The introduction will come one year after the European Union will have set up its own CBAM. The UK government said the move should…