The UK Government launched a Consultation on the introduction of a UK CBAM on 21 March 2024. The Consultation closes on 13 June 2024. This follows the announcement, in December 2023, that the UK would implement a UK CBAM similar to the EU CBAM which came into effect on 1 October 2023.
In this update, we summarise the key design features of the proposed UK CBAM and highlight some of the key differences with the EU CBAM.
Continue reading at Mayerbrown.com.