Traders expect more carbon border taxes
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
More governments are expected to follow the EU’s lead in imposing carbon border taxes as domestic emissions reduction policies move at different speeds over the coming decades, major carbon traders told the recent FT Commodities Summit. The EU plans to phase in a Carbon Border Adjustment Mechanism (Cbam) from 2026, imposing a carbon tax on goods entering the bloc unless the exporter has already paid for its emissions in its home market. The move is designed to tackle ‘carbon leakage’, where EU producers that have to pay for their carbon emissions are put at a competitive disadvantage to overseas producers that do not. “Over the next decade, for countries to increase their domestic [emissions
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence