CBAM (Carbon Border Adjustment Mechanism): the carbon tax at borders explained for the fastener and bolt industry
What is CBAM?
It is the EU’s new Carbon Border Adjustment Mechanism, an environmental measure that applies a cost to the CO₂ emissions embedded in certain imported goods.
It is part of the Green Deal and the “Fit for 55” package, which aims to reduce emissions by 55% by 2030, preventing carbon leakage and ensuring fair competition between EU and non-EU products.
More details are available on the official European Commission website: https://taxation-customs.ec.europa.eu/carbon-border-adjustment-mechanism_en
and in the official European Commission press release: https://ec.europa.eu/commission/presscorner/detail/it/IP_21_3541