Impact & Significance of the EU CBAM on Businesses in Singapore and Southeast Asia with DG Taxud

In October 2023, the EU Carbon Border Adjustment Mechanism (CBAM) entered into its transitional phase. A mechanism that aims to incentivise exporting countries to decarbonise their carbon-intensive goods entering the EU market (cement, iron and steel, aluminium, fertilisers, electricity and hydrogen in preliminary stages), will shape the existing trade dynamics and accelerate sustainable development worldwide. Strong trade ties between Europe and Southeast Asia suggest the countries are expected to see an impact – some minimal and some more severe due to their significant export of goods covered under CBAM.

This webinar, a second in the series of events on Carbon Pricing, will explore:

• The mechanics of CBAM from the transitional phase to its implementation in 2026
• How companies can mitigate risks and assess opportunities
• Broader implications for the region and existing and potential domestic carbon policy frameworks