| European Union regulation | |
| Text with EEA relevance | |
 | |
| Title | Regulation of the European Parliament and the Council establishing a carbon border adjustment mechanism |
|---|---|
| Made under | Article 192(1) of the TFEU |
| Journal reference | 2023/956 |
| History | |
| European Parliament vote | 18 April 2023 |
| Council Vote | 25 April 2023 |
| Date made | 10 May 2023 |
| Entry into force | 17 May 2023 |
| Preparative texts | |
| Commission proposal | COM/2021/564 final |
| Current legislation | |
The EU Carbon Border Adjustment Mechanism (CBAM, pronounced as Si-Bam) is a carbon tariff on carbon intensive products, such as steel,[1] cement and some electricity,[2] imported to the European Union.[3] Legislated[4] as part of the European Green Deal, it takes effect in 2026, with reporting starting in 2023.[5][6] CBAM was passed by the European Parliament with 450 votes for, 115 against, and 55 abstentions[7][8] and the Council of the EU with 24 countries in favour.[9] It entered into force on 17 May 2023.[10]
A similar UK CBAM will be implemented by 2027.[11]
- ^ "Why Ukraine peace talks are more about talking than peace". www.ft.com.
- ^ Gore, Tim (13 September 2021). "The proposal for a Carbon Border Adjustment Mechanism fails the ambition and equity tests". Heinrich-Böll-Stiftung. Retrieved 3 October 2021.
- ^ Oung, Angelica (2 October 2021). "Ministry urges firms to step up decarbonization". Taipei Times. Retrieved 3 October 2021.
- ^ Smith-Meyer, Bjarke (14 September 2021). "OECD boss: Digital tax deal can inspire global deal on carbon pricing". Politico. Retrieved 3 October 2021.
- ^ Catrain, Lourdes; Seeuws, Stephanie; Schroeder, Stefan; Poll-Wolbeck, Finn; Maruyama, Warren H.; Hawkins, Gregory M. (9 September 2021). "The EU Carbon Border Adjustment Mechanism : inspiration for others or Pandora's box?". engage.hoganlovells.com. Archived from the original on 28 September 2021. Retrieved 22 November 2021.
- ^ Hancock, Alice; Espinoza, Javier (18 December 2022). "Brussels agrees details of world-first carbon border tax". Financial Times. Retrieved 20 December 2022.
- ^ "Carbon border adjustment mechanism as part of the European green deal". Legislative Train Schedule (European Parliament). 20 November 2022. Retrieved 20 December 2022.
- ^ "Results of Votes (22 June 2022)" (PDF). European Parliament. 22 June 2022. Archived from the original (PDF) on 9 July 2022. Retrieved 20 December 2022.
- ^ Council (2023). "Voting record".
- ^ "Carbon Border Adjustment Mechanism". European Commission. European Union. Retrieved 21 May 2023.
- ^ "Factsheet: UK Carbon Border Adjustment Mechanism". GOV.UK. Retrieved 31 January 2024.