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Governments want to know where every tonne of steel and sack of coffee comes from, but their customs posts are still working out where to put the answer.
On January 1 the European Union’s carbon border adjustment mechanism (CBAM) stopped being a reporting exercise and started running up bills. Anyone importing more than 50 tonnes a year of steel, aluminium, cement, fertiliser, electricity or hydrogen now has to be an authorised declarant, with the emissions embedded in each shipment logged ag
On January 1 the European Union’s carbon border adjustment mechanism (CBAM) stopped being a reporting exercise and started running up bills. Anyone importing more than 50 tonnes a year of steel, aluminium, cement, fertiliser, electricity or hydrogen now has to be an authorised declarant, with the emissions embedded in each shipment logged ag
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