The Climate Report - First Quarter 2026

REGULATORY ISSUES & UPDATES - The CBAM Definitive Phase: Between Regulatory Ambition and Political Hesitation - The EU's Carbon Border Adjustment Mechanism ("CBAM") imposes carbon costs on imports of cement, iron, steel, aluminum, fertilizers, electricity, and hydrogen to prevent carbon leakage and maintain competitiveness. Following a transitional reporting period, the definitive phase began January 1, 2026, introducing financial obligations for importers and transforming CBAM from a... By: Jones Day