EU Expand CBAM Carbon Import Tax to Downstream Products to Avoid Production Shift to Countries with Weaker Climate Policies

Originally it was to target high carbon raw materials (Steel, Aluminium, Glass etc.). The UK is also looking to establish a similar CBAM, and also wanted to negotiate with the EU to see if a common CBAM area could be expanded to cover the EU and UK: EU to Expand CBAM Carbon Import Tax to Downstream Products to Avoid Production…