Carbon Border Adjustment Mechanism

E877507

The Carbon Border Adjustment Mechanism is an EU policy tool that imposes a carbon price on certain imported goods to prevent carbon leakage and ensure fair competition with EU producers subject to stricter climate regulations.

All labels observed (1)

Label Occurrences
Carbon Border Adjustment Mechanism canonical 2

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf European Union climate policy instrument ⓘ
European Union regulation ⓘ
border carbon adjustment ⓘ
carbon pricing mechanism ⓘ
addresses risk of unfair competition from carbon-intensive imports ⓘ
adoptedBy Council of the European Union ⓘ
European Parliament ⓘ
aimsTo ensure fair competition ⓘ
prevent carbon leakage ⓘ
support EU climate targets ⓘ
appliesToJurisdiction European Union ⓘ
basedOn European Green Deal ⓘ
compatibleWith World Trade Organization rules (intended) ⓘ
complements phase-out of free allowances in the EU ETS ⓘ
concerns greenhouse gas emissions embedded in products ⓘ
coversSector aluminium ⓘ
cement ⓘ
electricity ⓘ
fertilisers ⓘ
hydrogen ⓘ
iron and steel ⓘ
designedTo align trade flows with EU climate ambition ⓘ
mirror carbon costs faced by EU producers ⓘ
encourages foreign producers to reduce carbon intensity ⓘ
geographicalScope imports into the EU single market ⓘ
hasAbbreviation CBAM ⓘ
hasComponent definitive phase with financial adjustment ⓘ
transitional phase with reporting only ⓘ
imposes carbon price on certain imports ⓘ
instrumentType market-based climate policy ⓘ
introducedBy European Commission ⓘ
legalForm EU regulation ⓘ
linkedTo EU Emissions Trading System ⓘ
monitoredBy European Commission ⓘ
objective avoid carbon leakage ⓘ
encourage decarbonisation in third countries ⓘ
reduce risk of production relocation to countries with laxer climate policies ⓘ
policyArea climate change mitigation ⓘ
environmental policy ⓘ
trade policy ⓘ
priceReference EU ETS carbon price ⓘ
regulates EU importers of covered products ⓘ
relatedConcept carbon border tax ⓘ
embedded carbon emissions ⓘ
relatedTo Fit for 55 package ⓘ
requires importers to purchase CBAM certificates ⓘ
reporting of embedded emissions in imported goods ⓘ
targets imported goods with high carbon intensity ⓘ
uses embedded emissions as basis for pricing ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Fit for 55 package → includesInstrument → Carbon Border Adjustment Mechanism ⓘ
EU Emissions Trading System reform → relatedTo → Carbon Border Adjustment Mechanism ⓘ