The European Commission will oversee governance of the scheme
EU agrees carbon border tariffs
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
Non-EU countries importing carbon-intensive goods into the EU will have to pay a tax on them from 1 October 2023, following a deal by EU lawmakers on the proposed Carbon Border Adjustment Mechanism (CBAM). The Council of the EU and the European Parliament have finalised negotiations on the CBAM, which will oblige importers to purchase certificates to pay for the difference between the carbon price paid in the country of production and the price of carbon allowances under the EU emissions trading system (ETS). The CBAM will initially operate only with reporting obligations, with the aim of collecting data. The end of this test phase has yet to be agreed, but it is likely the mechanism will be
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
