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Imports › Carbon Taxes › Emissions Trading System

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

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

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

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

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