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UK CBAM

The UK Government is implementing a Carbon Border Adjustment Mechanism (CBAM) to mitigate carbon leakage risk by applying a carbon cost to imported goods, ensuring they are subject to a comparable carbon price to UK products.

CBAM takes into account domestic carbon pricing when introducing carbon-related charges on imported products, equivalent to those domestic producers pay.

The UK CBAM is a significant step towards achieving the UK’s decarbonisation goals and combating climate change. Like the EU CBAM, unprepared businesses who import or export to the UK could face higher costs and carbon reporting challenges.

What is Carbon Leakage?

Carbon leakage refers to a situation where businesses or industries move their production (and associated carbon emissions) to regions with less stringent carbon regulations to avoid the higher costs of compliance. This can undermine the effectiveness of emissions reduction measures in one region while increasing emissions in another.

UK CBAM will apply to:

Aluminium

Cement

Ceramics

Fertiliser

Glass

Hydrogen

Iron & Steel

Some key facts about the UK CBAM:

Each of the covered sectors will be subject to distinct tax rates depending on the emissions intensity of the sector and carbon leakage risk.

The liable person or tax agent for the CBAM charge will be either the person responsible for the goods when they are released into free circulation in the UK or the person on whose behalf the goods are moved into the UK .

The liable person will incur a CBAM obligation if the total value of their CBAM goods passes a tax point which is above a minimum registration threshold of £10,000 over a rolling 12-month period.

The first accounting period will run from 1st January to 31st December 2027. From 2028 onwards, the accounting periods will become quarterly. The liable person will submit a CBAM return and pay the CBAM liability at the end of each accounting period.

The CBAM liability is determined by multiplying the total emitted per type of good with the relevant UK CBAM rate minus any overseas carbon price already paid.

Resources

Download our FREE UK CBAM resources

UK CBAM 101

Brochure

Download

ENVIRONMENTAL MARKETS TRAINING

Guides

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Would you like to learn more about CBAM?

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Insights From Our Experts

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Confused about the new EU Carbon Border Adjustment Mechanism (CBAM)?

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UK CBAM

CBAM takes into account domestic carbon pricing when introducing carbon-related charges on imported products, equivalent to those domestic producers pay.

What is Carbon Leakage?

UK CBAM will apply to:

Some key facts about the UK CBAM:

Resources

Download

Download

Would you like to learn more about CBAM?

Insights From Our Experts

Steel sector concerns remain post CBAM implementation

Measurement of embedded emissions and compliance with EU CBAM

Reporting Recommendations and Requirements for the EU CBAM

Confused about the new EU Carbon Border Adjustment Mechanism (CBAM)?

Subscribe to the WeeklyRed