EU Carbon Border Adjustment Mechanism
The Carbon Border Adjustment Mechanism (CBAM) is considered an extension of the European Union Emission Trading Scheme (EU ETS).
A Carbon Tax is a direct tax levied on greenhouse gas emissions or the carbon content of fossil fuels.
Carbon Tax in Singapore
Any business with annual carbon emissions equal to or exceeding 2,000 tonnes of carbon dioxide equivalent (direct emissions) is responsible for registering as a reportable organization and submitting an annual emissions report.
Carbon Tax in Japan
Japan began to implement a carbon tax in 2012. The carbon tax is an additional tax over and above the existing Oil and Coal Tax, which covers oil, natural gas and coal (electricity excluded).
Carbon Tax in Sweden
Sweden introduced a carbon tax in 1991, along with an energy tax that has been levied since the 1920s, and both of which remain a foundation of Sweden's climate policy.
The Border Carbon Adjustment Fee in the United States
Following the European Commission’s introduction of the Carbon Border Adjustment Mechanism (CBAM), the U.S. also proposed a border carbon adjustment (BCA) fee on imports.