MEMBERS ONLY EVENT
Registrations from non-member companies will be cancelled.
In December 2023, the UK government announced that it will implement a UK Carbon Border Adjustment Mechanism (UK-CBAM) by 2027.
This is part of the UK’s strategy to minimise carbon leakage and follows the implementation of such a mechanism in the EU in October 2026.
The first phase of UK CBAM will apply a carbon price to imported goods from the following energy-intensive sectors: aluminium, cement, ceramics, fertiliser, glass (including glass fibre and intermediates), hydrogen, iron, and steel; and will apply to Scope 1, Scope 2, and select precursor product emissions embodied in imported products.
For UK businesses importing the in-scope raw materials (and selected semi-finished goods and articles) for their manufacturing, there could be a direct cost burden, plus an administrative burden, for importers from a UK CBAM, once the UK CBAM is fully implemented.
The government is running an open consultation on UK CBAM (closing on June 13th 2024) and we encourage our members to input their own views to this. In addition, Composites UK aims to provide an overall industry view to the consultation process.
During this session, we will provide a brief overview of the proposed UK CBAM and host a Q&A session for members to discuss key aspects of the scheme and the currently open consultation.
