The European Union’s Carbon Border Adjustment Mechanism (CBAM), set to take effect from January 1, 2027, is expected to have significant implications for agricultural businesses in Shropshire and beyond.
Shropshire Farming Talk: How will the Carbon Border Adjustment Mechanism impact agricultural businesses?
For agricultural enterprises, CBAM could increase the cost of importing certain products, including fertilisers, feed, and equipment. This could also impact competitiveness, particularly for businesses that do not have the same resources to invest in low-carbon alternatives. The agricultural sector, which already faces pressures from rising energy costs and market uncertainty, must prepare for the wider economic shifts this mechanism will trigger.
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