Companies involved in carbon farming projects, industrial carbon removal technologies and binding carbon in long-lasting products and materials will be able to have their products or services certified under the first EU-wide voluntary framework for the certification of high-quality carbon removals.

The UK government has announced plans to implement a Carbon Border Adjustment Mechanism (CBAM) by 2027 as it seeks to keep the UK on track to meet its carbon reduction efforts.

The EU has released a methodology for calculating carbon emissions embedded in products to be imported into the EU as part of Carbon Border Adjustment Mechanism (CBAM) that came into effect in October 2023. Since October, importers of goods in certain sectors have needed to calculate the amount of carbon emitted during the production of goods being imported into the EU and the newly released methodology will enable them to make the necessary calculations.