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29 Apr
09:19

CBAM needs work, safeguards must stay: Polish conference

The incoming Carbon Border Adjustment Mechanism (CBAM) needs more work before it is rolled out in the EU and should run parallel to safeguard measures, not replace them. So said steel industry panel participants at last week’s European Economic Congress in Katowice monitored by Kallanish. CBAM comes into force from 1 January 2023 but only in a transitional phase, with importers needing to fulfil transitional reporting obligations, without the need to purchas…
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