The Regulation establishing a CO2 border adjustment mechanism was published in the Official Journal of the European Union. The Carbon Border Adjustment Mechanism (CBAM) will result in a CO2 price for imports from the iron and steel, aluminium, fertiliser, cement, hydrogen and electricity sectors.
The regulation entered into force on 17 May 2023 and will apply from 01 October 2023. This means that certain reporting obligations for importers will already apply from October 2023.
Official Journal of the EU L 130/52