EU Carbon Border Adjustment Mechanism
| European Union regulation | |
| Text with EEA relevance | |
| Title | Regulation of the European Parliament and the Council establishing a carbon border adjustment mechanism |
|---|---|
| Made under | Article 192(1) of the TFEU |
| Journal reference | 2023/956 |
| History | |
| European Parliament vote | 18 April 2023 |
| Council Vote | 25 April 2023 |
| Date made | 10 May 2023 |
| Entry into force | 17 May 2023 |
| Preparative texts | |
| Commission proposal | COM/2021/564 final |
| Current legislation | |
The EU Carbon Border Adjustment Mechanism (CBAM, pronounced Si-Bam) is a carbon tariff on carbon intensive products, such as steel, cement and some electricity, imported to the European Union. Legislated as part of the European Green Deal, it takes effect in 2026, with reporting starting in 2023. CBAM was passed by the European Parliament with 450 votes for, 115 against, and 55 abstentions and the Council of the EU with 24 countries in favour. It entered into force on 17 May 2023.