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UK Consulting on Introduction of a UK Carbon Border Adjustment Mechanism

25 March 2024

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Proposed Changes

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United Kingdom

UK HM Treasury and HMRC have launched a publication consultation on the introduction of a UK carbon border adjustment mechanism. The consultation closes at 11:59 pm on 13 June 2024. --- Consultation on the introduction of a UK carbon border adjustment mechanism Consultation description Following the consultation, "Addressing carbon leakage risk to support decarbonisation", the government announced that it would introduce a CBAM from 1 January 2027 on imports of certain carbon intensive imported goods from the following sectors: aluminium; cement; ceramics; fertilisers; glass; hydrogen; and iron and steel. This consultation, being undertaken jointly by His Majesty's Revenue & Customs...