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19 July 2021 Tuesday, July 27 2021 | What you should know about the European carbon border adjustment mechanism (4 pm BST) European leaders have recently committed to reducing emissions in the Union by at least 55% by 2030 (compared with the 1990 level). To achieve such a steep improvement, a complex and holistic legislative package — Fit for 55 — was presented by policymakers on 14 July 2021. One of the most consequential legislative proposals included in the above-mentioned package is the carbon border adjustment mechanism (CBAM). This mechanism is intended to impose a levy on products from certain sectors imported into the European Union from countries that do not put a price on greenhouse gas emissions. The implementation of such a mechanism will be complex and will have a major impact on global operations and international commerce. In this webcast, we will explore the proposed CBAM architecture, its expected financial impact and the implications it will have on operations and the competitive landscape. International implications, including possibility of CBAMs in other jurisdictions and emerging climate regimes Registration: Register here. Cathy Koch, Partner, Ernst & Young LLP (US); EY Global Sustainability Tax Co-leader and EY Global Tax Policy Network Leader Kasia Klaczynska Lewis, Partner, Sustainability Law, Ernst & Young Law Talasiewicz, Zakrzewska i Wspolnicy sp.k. Richard J. Albert, Partner, Indirect Tax, Global Trade, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Paul Naumoff, Principal, Ernst & Young LLP (US), Global Incentives, Innovation and Location Services and Global Co-Leader Sustainability Tax You can learn about and register for any EY Global webcast here. Document ID: 2021-5781 |