The Carbon Border Adjustment Mechanism (CBAM) is a new EU policy aligning global trade with EU climate goals by equalizing carbon costs for imports and EU-produced goods. This mechanism incentivizes companies to adopt lower-carbon practices across their supply chains. Understanding and integrating CBAM into business strategies is essential for compliance and supporting broader climate goals. Crowe Pakistan supports organizations in navigating CBAM's complexities with comprehensive guidance on compliance and reporting. This ensures businesses can stay ahead of regulatory requirements, fostering innovation and sustainability practices globally.
Originally published by Crowe Pakistan, 28 September 2024
