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EU Further Revises Carbon Border Adjustment Mechanism (CBAM)

Applicable sectors expanded to cover organic chemicals, plastics, polymers, hydrogen and ammonia. Transitional period will end by 2026 and free allowances will end by 2032.

On June 22, 2022, the European Parliament (EP) approved the amendments of Carbon Border Adjustment Mechanism (CBAM), which will come into force on January 1, 2023.

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