Mechanismus uhlíkového cla v platnosti od 1. října 2023

Carbon duty mechanism in force from 1 October 2023

The members of the Council and the European Parliament have agreed on the form of the Carbon Border Adjustment Mechanism ("CBAM"). The mechanism is to be implemented from October 2023, with a first phase (transition period) for data collection. The length of the transition period is not yet known.

The new obligations will apply to imports of carbon-intensive products, including in the first phase iron, steel, aluminium, cement, fertilisers, electricity and now hydrogen, precursors and, under certain conditions, indirect emissions). Before the end of the transitional period, the Commission will assess whether it is appropriate to extend the range of products subject to the carbon duty.

The text of the agreement and concrete legislative proposals can be expected to follow in the coming days and weeks. Further developments in this area will be monitored. For more information, please contact the authors of this article or the EY client team you are working with.

Authors:

Jakub Kašuba

Michaela Peslová