The Guardian reported this week that Australia’s climate change and energy minister Chris Bowen said his department would deliberate on whether the country should adopt a cross-border adjustment mechanism (CBAM) to avoid “disadvantaging domestic companies.”
 
The first two products to be considered are steel and cement.
 
“We know of the potential for production to shift from countries with more ambitious emissions-reduction policies to those with lower emission-reduction policies, and potentially resulting in increased global emissions,” Bowen said during a meeting of the Australian Business Economists. “[This] undermines national and international climate action and has long been a key consideration in the development of climate policy across the world.”
 
The EU is planning to implement its own CBAM from 2026.
 
The Guardian has more here.