The UK on Thursday released a new set of draft regulations on its carbon border tax, proposing a methodology for measuring and verifying emissions associated with imported industrial goods.
The latest draft rules for the carbon border adjustment mechanism, or CBAM seek to align the UK methodologies on emissions data with the EU’s carbon border tax, according to His Majesty’s Revenue and Customs.
The proposed rules, open for public consultation until May 21, give details on periods over which emissions must be monitored, along with conditions associated with people who verify the data.
The proposed methodologies help “to reduce administrative ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.