The European Union is poised to be the first region in the world to implement an international carbon border adjustment policy, which will impose fees on select imports to account for greenhouse gas emissions released during their production.

These incentives, to be phased in starting in October, have the potential to accelerate progress in global climate policy. It’ll apply to all carbon embedded in emission-intensive imports, including cement, iron, aluminum, fertilizer, electrical energy and hydrogen products.

Read this report written by EDC’s William Thomas and discover the opportunities for Canadian exporters and how we can help.

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Date modified: 2023-07-04