The Green Deal at the Border: Public Consultation on the EU Carbon Border Adjustment Mechanism Launched

The Green Deal at the Border: Public Consultation on the EU Carbon Border Adjustment Mechanism Launched

July 29, 2020, Covington Alert

Last week, the European Commission launched a public consultation on the possible adoption of a new EU Carbon Border Adjustment Mechanism (“CBAM”). This consultation is yet another of the initiatives that the Commission is taking to roll out its ambitious European Green Deal (for a recent overview webinar see here). Manufacturers in virtually all industrial sectors and their trade associations would be wise to assess the potential impact of the CBAM on the products they market in Europe and to consider participating in the public consultation and comment process.