News & Analysis as of

Carbon Emissions Imports

Mayer Brown

Consultation on UK Carbon Border Adjustment Mechanism ("CBAM")

Mayer Brown on

The UK Government launched a Consultation on the introduction of a UK CBAM on 21 March 2024.  The Consultation closes on 13 June 2024.  This follows the announcement, in December 2023, that the UK would implement a UK CBAM...more

A&O Shearman

UK carbon border adjustment mechanism: shaping up ahead of 2027

A&O Shearman on

In 2027, the UK will introduce a carbon border adjustment mechanism (CBAM) on imports of certain carbon intensive goods. The CBAM will impose a charge on the emissions embodied in relevant imports that take place on or after...more

Foley & Lardner LLP

Promoting Human Rights and Environmental Sustainability: Integrating Ethics into the Supply Chain

Foley & Lardner LLP on

Companies of all sizes are increasingly scrutinized on adherence with Environmental, Social, and Governance (“ESG”) metrics. In particular, manufacturers and customers at both ends of the supply chain are evaluated on metrics...more

Latham & Watkins LLP

UK Government Announces New Import Carbon Pricing Mechanism

Latham & Watkins LLP on

Goods imported into the UK from countries with a lower or no carbon price will face a levy by 2027. On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM)....more

Bennett Jones LLP

EU Green Tariffs Are Coming—Are You Ready? Preparing for the European Union’s Carbon Border Adjustment

Bennett Jones LLP on

The European Union will soon require EU importers of certain carbon-intensive products—specifically, iron and steel, aluminum, fertilizer, cement, electricity, and hydrogen—to declare greenhouse gas emissions (GHGs) embedded...more

A&O Shearman

CBAM – how the EU’s new carbon border tax will impact non-EU businesses

A&O Shearman on

On 17 May 2023, the EU Regulation establishing a carbon border adjustment mechanism (the CBAM Regulation) came into force. The CBAM Regulation will become applicable in phases, with provisions applying from 1 October 2023, 31...more

WilmerHale

EU adopts the Carbon Border Adjustment Mechanism Regulation

WilmerHale on

On May 16, the Regulation establishing an EU Carbon Adjustment Mechanism (CBAM) was published in the Official Journal of the EU and entered into force the following day. Under the CBAM, importers into the EU of...more

White & Case LLP

At the leading hedge: Europe’s metal recycling and hydrogen push

White & Case LLP on

Solar panels, wind turbines, heat pumps and batteries are all made of metal and—unlike a barrel of oil or ton of coal—metals can be recycled. Countries heavily dependent on imports of crucial decarbonisation minerals are...more

Beveridge & Diamond PC

EU Parliament Approves Carbon Border Adjustment Mechanism

Beveridge & Diamond PC on

The European Parliament voted in favor of implementing the Carbon Border Adjustment Mechanism (CBAM) after reaching a provisional agreement on the CBAM in December 2022. Several countries and the European Union (EU) have long...more

White & Case LLP

European Parliament and Council Reach Agreement on Carbon Border Adjustment Mechanism and EU Emissions Trading System

White & Case LLP on

The European Parliament and Council of the European Union have reached an agreement on the text of the EU Carbon Border Adjustment Mechanism regulation and the directive providing an updated EU Emissions Trading System....more

K&L Gates LLP

EU Reaches Agreement on Historic Carbon Border Adjustment Mechanism

K&L Gates LLP on

On 13 December 2022, European co-legislators (European Parliament and Council of the EU) reached a political deal on the world’s first levy on carbon intensive goods—the so-called Carbon Border Adjustment Mechanism (CBAM)....more

Latham & Watkins LLP

European Parliament and European Council Reach Provisional Agreement on Carbon Border Adjustment Mechanism

Latham & Watkins LLP on

The CBAM would seek to mitigate carbon leakage through the imposition of a levy on carbon-intensive imports into the EU, while free allowances under EU ETS would be phased out. On 13 December 2022, negotiators from the...more

Braumiller Law Group, PLLC

Braumiller Newsletter December 2022

After several years of review by U.S. Customs and Border Protection (“CBP”), the Customs Broker community, and the Commercial Customs Operations Advisory Council, CBP unveiled the new Customs Broker Regulations under 19...more

Barnea Jaffa Lande & Co.

"Dieselgate" Effect: Israel Changes Rules of Game for Class Actions over Environmental Damage

Barnea Jaffa Lande & Co. on

The Tel Aviv District Court recently allowed a motion to certify a class action against the Volkswagen Group and its importer in Israel, Champion Motors Ltd. The class action focuses on the Dieselgate scandal, after an...more

White & Case LLP

European Parliament and Council adopt positions on ETS and CBAM proposals: next steps—final agreement & formal adoption

White & Case LLP on

The EU "Fit for 55" package, if adopted, will significantly reshape environmental regulation in Europe, with impact beyond the EU's borders. In this alert, we focus on developments in two of the most impactful files, the...more

A&O Shearman

The European Parliament’s wish list on the Carbon Border Adjustment Mechanism (CBAM)

A&O Shearman on

On 21 December 2021, the European Parliament’s (EP) Committee on the Environment, Public Health and Food Safety (the Committee) published its Draft Report on the proposal for a Regulation of the European Parliament and of the...more

Hogan Lovells

The EU Carbon Border Adjustment Mechanism proposal and considerations for U.S. businesses

Hogan Lovells on

The EU CBAM proposal signals a transformation of the European carbon pricing regulations. U.S. businesses with significant European operations, or with operations in emissions-intensive, trade-exposed industry sectors, should...more

Hogan Lovells

The EU Carbon Border Adjustment Mechanism : inspiration for others or Pandora’s box?

Hogan Lovells on

Following the release of the European Commission’s proposal for a Carbon Border Adjustment Mechanism (“CBAM Proposal”) on 14 July 2021 as part of the “Fit for 55” legislative package aimed at reducing the EU’s greenhouse gas...more

Akin Gump Strauss Hauer & Feld LLP

The Democrats’ Border Carbon Adjustment Proposal

On Monday, July 19, 2021, Sen. Chris Coons (D-DE) and Rep. Scott Peters (D-CA-52) introduced The FAIR Transition and Competition Act of 2021 (S. 2378). The bill would, among other things, amend the Internal Revenue Code of...more

White & Case LLP

Legislation to Impose “Border Carbon Adjustment” Fee on Imported Steel and Other “Carbon-Intensive” Goods Introduced in US...

White & Case LLP on

On July 19, Senator Chris Coons (D-DE) and Representative Scott Peters (D-CA) introduced companion bills in the Senate and the House of Representatives that would impose a "border carbon adjustment" ("BCA") fee on imports of...more

White & Case LLP

Fit for 55: EU moves to introduce carbon border adjustment mechanism

White & Case LLP on

As a key part of the "Fit for 55" European Green Deal package, the European Commission has published its controversial proposal for a carbon border adjustment mechanism ("CBAM"). The CBAM, if adopted, will impose a levy on...more

Wiley Rein LLP

Democrats Introduce Carbon Border Adjustment Legislation

Wiley Rein LLP on

On July 19, 2021, Senator Chris Coons (D-DE) and Representative Scott Peters (D-CA) introduced legislation that would create a border tax on carbon-intensive imports. The carbon border adjustment proposal is part of the...more

Mintz

Latest EU Efforts on Climate Change Demonstrate Broader Risks to Business

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Today, the EU released a plan to combat climate change through reducing emissions. Significantly, key elements of this plan include increasing the costs on businesses whose activities contribute to climate change, even when...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 43, November 2020

U.S. Court Suspends Key Permits for Equitrans Mountain Valley Pipeline - "A U.S. federal appeals court issued a stay of key water crossing permits needed to complete construction of Equitrans Midstream Corp’s 300-mile...more

K&L Gates LLP

European Commission Consults on a Carbon Border Mechanism

K&L Gates LLP on

On 11 December 2019, the European Commission (Commission) unveiled the European Green Deal (Green Deal), an ambitious environmental and climate set of policy proposals aiming to achieve carbon neutrality in Europe by 2050....more

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