The EU Incorporates the Carbon Border Adjustment Mechanism into the European Economic Area Agreement
06 Oct 20263 views
Who is affected:
Importers and exporters of industrial products with Norway, Iceland and Liechtenstein
Summary
The EU extends the CBAM (carbon tax on imports) to Norway, Iceland and Liechtenstein. It affects trade in industrial products with these countries.
Detailed analysis
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The EU Council approves the European position to incorporate the Carbon Border Adjustment Mechanism (CBAM) into the EEA Agreement, extending its application to Norway, Iceland and Liechtenstein. The CBAM requires importers to purchase certificates for CO2 emissions embedded in products such as steel, cement, aluminium,…
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