28 May 2025 at 05:30 am IST
On May 27, 2025, the EU approved major revisions to its Carbon Border Adjustment Mechanism (CBAM), exempting 90% of importers and focusing only on high-emission firms. The updated plan reduces administrative burden while maintaining climate goals by targeting companies importing over 50 metric tons of specific goods. Permit requirements begin in 2027, aiming to level the playing field for EU producers.
