UK importers must now verify whether the embodied emissions in their Carbon Border Adjustment Mechanism (CBAM) goods have already been subject to a qualifying carbon pricing scheme. This determination affects potential financial adjustments and compliance obligations for CBAM-liable goods entering the UK. The check helps establish whether carbon costs have already been incurred in the country of origin, which may influence the financial settlement required under the CBAM framework.
Source: HMRC (GOV.UK) – Read the original