New EU rules on carbon pricing came into effect in June 2023, seeking to decarbonise the biggest polluting EU industries. The EU’s revised emissions trading system (EU ETS) and the new carbon border adjustment mechanism (CBAM) aim to change the affected industries’ consumption choices towards a low-carbon approach.
The revision of the EU ETS includes a more stringent cap on emissions (leading to a decrease in the overall number of allowances available), the extension of its scope to maritime transport, and the introduction of a separate EU ETS for the buildings and road transport sectors.
The CBAM will require importers of certain energy-intensive goods to pay a levy for their imports that corresponds to the price of emissions allowances under the EU ETS. This mechanism extends the carbon price paid by EU firms (under the EU ETS) to non-EU producers of the same goods. Reporting obligations under the CBAM will apply starting from 1 October 2023, while the obligation for importers to pay a levy will start from 2026.
Cullen International’s report analyses the main features of both pieces of legislation and the relationship between them.
For more information and to access the full analysis, please click on “Access the full content” - or on “Request Access”, in case you are not subscribed to our Sustainability service.
more news
15 October 26
Europe: national rules continue to shape cross-border IoT connectivity
Europe is often treated as a single market for IoT connectivity but, in practice, national rules on SIM registration, numbering and authorisation still differ between countries. Cullen International's latest benchmarks examine these rules across 31 European markets.
14 October 26
Regulators worldwide take several distinct approaches to legally defining communications apps, authorise their operation and govern their interoperability
Cullen International's latest Global Trends benchmark for communications apps regulation found diverse regulatory approaches to the legal definition, licensing and interoperability of number-independent communications apps. The benchmark addresses regulation of apps such as WhatsApp, WeChat and iMessage across 13 jurisdictions around the world.
13 October 26
Almost half of surveyed countries in the Americas have commercial D2D satellite services
Cullen International’s latest Benchmark compares the regulatory conditions for D2D satellite services using terrestrial IMT spectrum across 12 countries in the Americas.