The World Trade Organization’s (“WTO”) 13th Ministerial Conference (“MC13”) has extended the e-commerce customs duty moratorium for another two years, providing another short reprieve for digital services companies from the...more
The EU's Carbon Border Adjustment Mechanism (the "CBAM") reporting obligations started applying from 1 October 2023. The final CBAM Implementing Regulation introduces further insight and key clarifications.
The CBAM...more
On 4 October 2023, the European Commission initiated an anti-subsidy investigation that could lead to increased tariffs on imports of Chinese electric vehicles to the European Union and has broader implications for the global...more
Geography—as much as geology—is driving commercial activity and opportunities for mining & metals firms as decarbonization accelerates -
The old adage—credited to J. Paul Getty—goes, "The meek shall inherit the Earth, but...more
9/20/2023
/ Cross-Border ,
Energy Sector ,
EU ,
Fossil Fuel ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
International Energy Agency (IEA) ,
Investment ,
Manufacturers ,
Metals ,
Minerals ,
Mining ,
Oil & Gas ,
UK
The application of the EU's Carbon Border Adjustment Mechanism ("CBAM") is fast approaching for importers and manufacturers of products in the cement, fertiliser, iron, steel, aluminium, hydrogen and electricity producing...more
On December 13, 2022, the Council of the European Union ("the Council") and European Parliament came to a provisional agreement on the final text of a Carbon Border Adjustment Mechanism ("CBAM") regulation. The compromise...more
The United States, the European Union, and Germany have recently adopted or proposed new rules requiring enhanced due diligence in supply chains, targeting human rights and environmental issues. This alert examines key...more
2/24/2023
/ Civil Monetary Penalty ,
Compliance ,
Customs and Border Protection ,
Due Diligence ,
Enforcement ,
Environmental Social & Governance (ESG) ,
EU ,
Forced Labor ,
Germany ,
Human Rights ,
Imports ,
Penalties ,
Popular ,
Proposed Rules ,
Supply Chain ,
Uyghur Forced Labor Prevention Act (UFLPA) ,
Withhold Release Orders (WROs)
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
12/28/2022
/ Carbon Emissions ,
Carbon Taxes ,
Climate Change ,
Emissions Trading System ,
Environmental Policies ,
EU ,
European Commission ,
Greenhouse Gas Emissions ,
Imports ,
Popular ,
Supply Chain
Technologies underlying the energy transition—including wind turbines, solar panels, electricity networks and electric vehicles (EVs)—rely upon sufficient access to critical minerals such as copper, lithium, nickel, cobalt,...more
On 17 November 2021, the European Commission ("Commission") announced a Proposal for a new Regulation to curb global deforestation and forest degradation driven by European Union ("EU") consumption of certain commodities....more
The metals sector is an attractive target for decarbonization due to the energy-intensive nature of traditional production processes.
Carbon: the next frontier of commodities trade tensions -
Governments around the...more
9/16/2021
/ Aluminum Sales ,
Capital Markets ,
Carbon Capture and Sequestration ,
Carbon Emissions ,
China ,
Climate Change ,
Emissions Trading System ,
EU ,
Global Market ,
Green Energy ,
Metals ,
Mining ,
Russia ,
Steel Industry ,
WTO