SME News | Regulations : Malaysian companies need to prepare for cross border

Malaysian exporters to the European Union (EU) or those in the supply chain are subject to the Carbon Border Adjustment Mechanism (CBAM), and must begin providing data on the embedded emissions of their products, said speakers at a recent workshop organised by UOB Malaysia.
CBAM puts a fair price on carbon emitted during the production of carbon - intensive goods that enter the EU. This is meant to prevent carbon leakage, in which EU - based companies move their carbon - intensive production abroad to avoid carbon - pricing mechanisms in the EU, and to encourage cleaner production abroad.
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