News & Analysis as of July 24, 2025

International Trade

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU Paves Way for International Carbon Credits in 2040 Climate Target

White & Case LLP on 7/23/2025

On 2 July 2025, the European Commission introduced its 2040 climate target of reducing greenhouse gas (GHG) emissions by 90% compared to 1990 levels. One of the key features of this strategy is the possibility to introduce...more

European Commission Consults on CBAM Extension and Announces Plans to Protect EU Exporters

Latham & Watkins LLP on 7/8/2025

On 1 July 2025, the European Commission (Commission) released a call for evidence regarding the potential to extend the scope of the EU Carbon Border Adjustment Mechanism Regulation (CBAM) to cover certain downstream...more

EU 2040 climate target and carbon credits—what’s changing?

A&O Shearman on 7/7/2025

Today, the European Commission proposed an amendment to the EU Climate Law reviewing the 2040 climate targets that first enshrined climate neutrality by 2050—and with it, a structural shift in how climate action will be...more

EU Commission Moves on CBAM Downstream Expansion and Exporter Compensation

Akin Gump Strauss Hauer & Feld LLP on 7/7/2025

In separate developments, the European Commission (the “Commission”) opened a public consultation on the extension of the Carbon Border Adjustment Mechanism (CBAM) to downstream products and on additional anti-circumvention...more

The EU Simplifies CBAM – What Are the Potential Implications?

Akin Gump Strauss Hauer & Feld LLP on 7/1/2025

The European Parliament and Council reached a provisional agreement (i.e., a post-consultation, non-binding political deal in relation to the final text of a legislative proposal) to streamline the European Union’s (EU)...more

The Carbon Border Adjustment Mechanism: How to Navigate a Complex Mechanism

Bracewell LLP on 6/5/2025

This note is dedicated to importers and producers of specific goods from countries outside the European Union, who will be subject to carbon pricing equivalent to that applied to European manufacturers of the same goods,...more

Europe Daily News, 18 March 2025

Mayer Brown on 3/20/2025

COMPETITION - Prior notification of a concentration (Case M.11793 - Mytheresa / YNAP) - Non-opposition to a notified concentration (Case M.11872 - Triton / Keenfinity)...more

How to Comply With the EU’s Carbon Border Adjustment Mechanism

Amundsen Davis LLC on 1/8/2025

Over the past few months, I have noticed an increase in questions from my U.S. clients that export to countries in the European Union (EU) seeking clarity on their products’ exposure to the new carbon adjustment taxation law...more

EU carbon border adjustment mechanism – the transitional phase has begun: Are you ready?

A&O Shearman on 10/3/2023

The EU Regulation establishing a carbon border adjustment mechanism (CBAM) is designed to drive businesses to achieve a true global reduction in greenhouse gas (GHG) emissions instead of relocating carbon-intensive production...more

EU Green Tariffs Are Coming—Are You Ready? Preparing for the European Union’s Carbon Border Adjustment

Bennett Jones LLP on 6/27/2023

The European Union will soon require EU importers of certain carbon-intensive products—specifically, iron and steel, aluminum, fertilizer, cement, electricity, and hydrogen—to declare greenhouse gas emissions (GHGs) embedded...more

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European Union › Carbon Emissions › International Trade

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