SME News | SME struggle with green transition

THERE is another year-and-a-half before the EU’s Carbon Border Adjustment Mechanism (CBAM), a policy instrument that imposes a tariff on goods imported to the 27-member bloc based on the amount of carbon emissions from the production process, is fully implemented.
It is unclear whether Malaysian SMEs are ready to comply with the reporting standards or whether they need to spend more on compliance as well as invest in environmentally friendly production processes.
The CBAM provides a level playing field for EU producers, who are required to comply with internal regulations on carbon emissions, by pricing these emissions created during import manufacturing processes.
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