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#  EU ETS & CBAM: key pieces of legislation formally adopted 

 April 26, 2023 

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## **The end of a lengthy decision-making process results in a conclusive green light**

The European Parliament and Council of the European Union formally adopted the Carbon Border Adjustment Mechanism (CBAM), the European Union Emissions Trading System (EU ETS) and Social Climate Fund (SCF) on 18 and 25 April 2023 respectively. This marks a significant milestone in the EU's commitment to tackling climate change, delivering on its 2030 climate targets, and achieving its goal of becoming climate neutral by 2050.

**[For more information, download our news update](https://meijburg.nl/sites/default/files/2023-05/ets-cbam-update-april-2023-parliamentary-approval.pdf).**

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[##  EU ETS & CBAM: key pieces of legislation formally adopted 

](https://meijburg.nl/sites/default/files/2023-05/ets-cbam-update-april-2023-parliamentary-approval.pdf) [ Download news update ](https://meijburg.nl/sites/default/files/2023-05/ets-cbam-update-april-2023-parliamentary-approval.pdf)