PSA BDP Blog

Welcome to the PSA BDP Blog. Penned by our team of experts across the globe, this is your source for the latest insights and commentary on industry trends, top news headlines, and PSA BDP happenings. Check back often for updates!

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As the European Union advances towards its ambitious climate goals, the Carbon Border Adjustment Mechanism (CBAM) has emerged as a key policy to curb carbon leakage and promote a level playing field for businesses within and outside the EU. CBAM is designed to address the environmental impact of imported goods, ensuring that industries within the EU do not face unfair competition from countries with lower climate standards. Here’s a closer look at how CBAM works, key milestones, and what EU importers need to do to prepare.

There is over a decade-long trend of chemical manufacturing shifting from Europe to China and the Asia-Pacific region. In recent years, the change has accelerated due to the pandemic, geopolitical issues including the war in Ukraine, and strained trade relations between Europe and China.