EU ETS & CBAM: key pieces of legislation formally adopted
April 26, 2023
The end of a lengthy decision-making process results in a conclusive green light
The European Parliament and Council of the European Union formally adopted the Carbon Border Adjustment Mechanism (CBAM), the European Union Emissions Trading System (EU ETS) and Social Climate Fund (SCF) on 18 and 25 April 2023 respectively. This marks a significant milestone in the EU's commitment to tackling climate change, delivering on its 2030 climate targets, and achieving its goal of becoming climate neutral by 2050.
