As a result of the legislative procedure undertaken by the European Commission, a regulation of the European Parliament and of the European Council was approved, introducing a mechanism for adjusting prices at EU borders, taking into account carbon dioxide emissions. Thanks to this, the Carbon Border Adjustment Mechanism (CBAM), also known as the carbon duty, will be introduced in the European Union later this year. The proposed solutions may have far-reaching consequences for the entire market.
Source Crowe
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