Additional details about the UK CBAM and its onset from January 1, 2027
Following the EU’s lead with the CBAM in October 2023, the UK has initiated its own version, also aiming to achieve its goal of net zero emissions by 2050. The UK announced plans for its CBAM in December 2023, signalling a significant move towards sustainability and carbon pricing. Additional information regarding the planned implementation of
CSDDD Gets the Green Light from the EU Council with Reduced Scope
As sustainability takes center stage in global policy conversations, there has been an increasing change in how businesses approach their social, environmental, and governance responsibilities. With today’s vote in the Committee of Permanent Representatives of the Governments of Member States to the European Union (COREPER), the European Council has de facto given the green light
Net Zero Industrial Act and the Strategic Technologies for Europe Platform: Forging a Synergy for the European Industry of the Future
During last week’s trilogue negotiations, the EU Commission, the EU Parliament, and the EU Council reached a provisional agreement on the Net Zero Industrial Act (NZIA). This Regulation will form the backbone of the EU’s strategy to boost domestic green tech production, known as the Green Deal Industrial Plan. This initiative responds to the global
Harmonising Carbon Pricing in the CBAM Era: EU-Switzerland ETS Linkage
Recent developments in the Agreement between the EU and Switzerland on linking their Emission Trading Systems reflect an ongoing commitment inside the European Union to aligning carbon pricing strategies across borders, that is now expected to accelerate following the adoption and implementation of the Carbon Border Adjustment Mechanism (CBAM). The EU Carbon Pricing Strategy The
CBAM Registry’s Technical Issues: EU Addresses Concerns in Last-Minute Press Release
The European Commission has taken action regarding the technical issues affecting the submission of data for the EU Carbon Border Adjustment Mechanism (CBAM) and the Import Control System 2 (ICS2). These problems have arisen from a technical fault impacting several EU customs systems, including the CBAM Transitional Registry. In response, systems updates have been made
UK introduces Carbon Border Adjustment Mechanism (CBAM) in 2027: key measures to consider
On the 18th of December, the UK government announced the UK Carbon Border Adjustment Mechanism (CBAM) as a measure to address the carbon leakage risks. The UK CBAM is foreseen to be implemented from 2027. Here are some of the key takeaways from this latest announcement: UK CBAM implementation: Will be implemented from 2027 Will
2024 is almost here and so is the deadline for the 1st CBAM Report!
As most of us are headed towards the festive holiday season, and close 2023 with a winter break, the situation is slightly complex for firms in the EU who are subject to the mandatory CBAM Reporting, starting in 2024. Wrapping up this year’s tasks, taking the usual year-end break, and starting the new year 2024 with
Packaging and Packaging Waste Regulation (PPWR): The EU Parliament adopts its position with view to the upcoming negotiations with the Council
In November 2022, the European Commission (EC) unveiled its proposal for a new Regulation on packaging and packaging waste (PPWR). This proposal, aimed at replacing the existing framework established in 1994, addresses the urgent need to harmonise divergent regulatory practices across member states, which have been creating significant barriers in the internal market for packaging,
