Impact & Significance of the EU CBAM on Businesses in Singapore and Southeast Asia with DG Taxud
OnlineIn 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. […]