Amendment to Regulation (EU) 2023/956

This procedure aims to update the Carbon Border Adjustment Mechanism (CBAM) by extending its scope to include downstream products. It also introduces new anti-circumvention measures to prevent companies from bypassing carbon pricing rules, ensuring that imported goods face the same climate costs as those produced within the EU.

This will affect importers of industrial goods and manufacturers of downstream products. It ensures a level playing field for EU industries while pushing global partners to adopt greener production methods.