On May 17, 2022, the European Parliament (EP) approved the amendments of Carbon Border Adjustment Mechanism (CBAM)[1] presented by the Committee on the Environment, Public Health and Food Safety (ENVI), which will come into force on January 1, 2023.
Applicable sectors expanded to cover organic chemicals, hydrogen, and polymers. Transitional period will end a year earlier and free allowances will end six years earlier.
On May 17, 2022, the European Parliament (EP) approved the amendments of Carbon Border Adjustment Mechanism (CBAM)[1] presented by the Committee on the Environment, Public Health and Food Safety (ENVI), which will come into force on January 1, 2023.