BCGA to explore impact of new carbon border tax
The British Compressed Gases Association (BCGA) will explore how the EU’s new Carbon Border Adjustment Mechanism (CBAM), often referred to as a ‘carbon border tax’, could affect the compressed gases sector during a webinar later this month.
CBAM is a major piece of EU legislation aimed at reducing carbon emissions associated with imported goods. It does so by placing a carbon price on certain imports, effectively encouraging manufacturers around the world to decarbonise their products and processes.
The policy applies to goods such as steel, cement and fertilisers, and is designed to create a level playing field for EU producers facing strict environmental rules.
The BCGA, which represents the UK’s industrial and medical gases sector, will examine how CBAM relates to compressed gases and their associated supply chains during the webinar on 26 June, from 12 to 2pm (BST).
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