Stay Competitive within the European Market
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Stay Competitive within the European Market

Crunch time is approaching for global industries as governments worldwide intensify their efforts to combat climate change. One of the latest developments in this arena is the European Union’s announcement of the Carbon Border Adjustment Mechanism (CBAM). Set to begin from October 2023, the CBAM will impose a carbon tax on imported goods, signifying a significant shift in global trade dynamics. This blog focuses on the implications of the CBAM for Australian producers and emphasises the importance of reviewing and adjusting sustainability practices for any manufacturer targeting the EU market.