On 17 August 2023, the Commission released the first set of secondary legislation that will govern the implementation of the Carbon Border Adjustment Mechanism. The rulebook reaffirms the role of PPAs for carbon intensity management of imported electricity and electricity used in the production process of some other CBAM-covered goods.
Background The CBAM implementing regulation lays the groundwork for the transition period between 1 October 2023 and 31 December 2025. During this time, while there is no CBAM certificate surrender obligation, the monitoring, reporting, and verification (…
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