- The UK Government has initiated a consultation on the UK Carbon Border Adjustment Mechanism (UK CBAM).
- UK importers of in-scope products should take three steps: conduct an impact assessment based on recent import data, review customs coding governance, and explore opportunities for changes in business models and supply chains to align with decarbonization objectives.
- For more information on UK CBAM or assistance with the recommended actions, contact the relevant authorities.
Source KPMG
