The first European Union (EU) Omnibus simplification package, which includes proposed changes to the EU Carbon Border Adjustment Mechanism (CBAM), has led to a flurry of commentary from political groups, advisors, NGOs and companies. One thing is clear: the CBAM remains a cornerstone measure in the EU’s ambition to reduce emissions by at least 55% from 1990 levels by 2030.
In this webcast, we outline what the proposed changes mean for businesses and where to go from here. Speakers answer questions including:
- What are the proposed changes and timeline?
- What might the planned CBAM measures effectiveness review bring?
- What steps should businesses be taking today?
- How can CBAM be viewed as a catalyst for transformative change and competitive advantage?
Topics discussed include:
- Broader sustainability tax policy context
- Proposed CBAM changes and timeline in the context of the first EU Omnibus simplification package
- View from outside the EU
- Technical spotlight: emissions calculations
- Immediate next steps for businesses impacted