European Union (EU) countries have reached an agreement on the Carbon Border Adjustment Mechanism (CBAM) regulation, targeting imports of carbon-intensive products, namely cement, aluminium, fertilisers, power generation, iron and steel. The main objective of this measure is to prevent offsetting the EU’s greenhouse gas (GHG) emissions reduction efforts through imports of products manufactured in non-EU countries, where climate change policies are less ambitious than in the European Union.
