from october 1st, cbam (eu carbon border adjustment mechanism) officially entered the trial operation stage. the transition period will be until the end of 2025, and will be gradually fully implemented from 2026 to 2034. after 2035, eu-ets (european union carbon border adjustment mechanism) will be completely cancelled. emissions trading system) and free carbon quotas for high-carbon products covered by cbam.
cbam means that certain goods will release greenhouse gases such as carbon dioxide during their production. when these goods enter the eu customs territory, an additional payment is required to the eu, the amount of which is related to the amount of greenhouse gases released during the manufacturing of the goods. according to cbam, the eu will impose additional carbon border adjustment fees on specific products imported from abroad, known as "carbon tariffs." the product coverage includes six major industries: "electricity, steel, aluminum, cement, chemicals, and hydrogen."
