Reflections on the Use of Revenues from the EU CBAM
by Kateryna Holzer, Senior Researcher In May 2023, the EU adopted a regulation on a carbon border adjustment mechanism (CBAM) that extends the EU emissions trading scheme (ETS) to imports from six sectors (iron and steel, aluminium, cement, fertilizers, hydrogen and electricity). The CBAM sets out an obligation for importers to purchase and surrender CBAM […]