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BCC Reacts to UK CBAM announcement

BCC Reacts to UK CBAM announcement

BCC Reacts to UK CBAM announcement

Reacting to news that a UK Carbon Border Adjustment Mechanism (CBAM) will begin in 2027, William Bain, Head of Trade Policy at the BCC, said: 

“The introduction of a CBAM for the UK is very much welcome. It is a logical and key enforcement element of lowering carbon emissions in the UK economy and tackling greenhouse gas releases elsewhere in the world.  

“Today’s decision will provide certainty for investors and aid future growth and investment in low carbon sectors. We are keen to work closely with government and industry on the arrangements for phasing in the UK CBAM by 2027. A key issue will be the linkage of the UK and EU Emissions Trading Schemes (ETS), so that we avoid unnecessary trade and fiscal barriers for UK goods exports.”

More information on the Government’s proposals can be found here.

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