News & Analysis as of September 17, 2024

Imports

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

UK carbon border adjustment mechanism: shaping up ahead of 2027

A&O Shearman on 4/5/2024

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

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

Foley & Lardner LLP on 3/27/2024

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

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

Bennett Jones LLP on 6/27/2023

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

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

A&O Shearman on 6/9/2023

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

EU adopts the Carbon Border Adjustment Mechanism Regulation

WilmerHale on 6/6/2023

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

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

White & Case LLP on 5/4/2023

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

EU Parliament Approves Carbon Border Adjustment Mechanism

Beveridge & Diamond PC on 4/27/2023

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

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

White & Case LLP on 12/28/2022

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

EU Reaches Agreement on Historic Carbon Border Adjustment Mechanism

K&L Gates LLP on 12/20/2022

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

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

Latham & Watkins LLP on 12/16/2022

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

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

White & Case LLP on 7/8/2022

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

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

A&O Shearman on 1/20/2022

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

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

Hogan Lovells on 9/28/2021

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

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

Hogan Lovells on 9/10/2021

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

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

White & Case LLP on 7/26/2021

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

Latest EU Efforts on Climate Change Demonstrate Broader Risks to Business

Mintz on 7/15/2021

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

European Commission Consults on a Carbon Border Mechanism

K&L Gates LLP on 7/30/2020

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

Currents - Energy Industry Insights - June 2020 #2

Spilman Thomas & Battle, PLLC on 6/15/2020

Manufacturing Holds Key to Recovery of Oil and Gas Markets, Revealed at This Week's ADIPEC Energy Dialogue - "'2008 was much more of a hit to the financial sector and manufacturing. This time it is the reverse. The big...more

Currents - Energy Industry Insights - April 2020 #2

Spilman Thomas & Battle, PLLC on 4/14/2020

China Resumes LNG Imports from the U.S. - "Chinese buyers have resumed imports of liquefied natural gas from U.S. exporters, as Beijing started granting waivers to a 25% import tariff." Why this is important: In the...more

Currents - Energy Industry Insights - January 2019 #4

Spilman Thomas & Battle, PLLC on 2/2/2019

Trump Eyes Action to Limit States' Powers to Block Pipelines - "The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to...more

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