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ARTICLE · 26 MARCH 2026

The Climate Report - First Quarter 2026

Jones Day
Jones Day
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The EU's Carbon Border Adjustment Mechanism ("CBAM") imposes carbon costs on imports of cement, iron, steel, aluminum, fertilizers, electricity, and hydrogen to prevent carbon leakage and maintain competitiveness.

United StatesEnergy and Natural Resources
Amandine Delsuax
Amandine Delsuax
Daniella Einik
Daniella Einik
Aidan Lawes
Aidan Lawes
Chris Papanicolaou
Chris Papanicolaou
Kit Rockhill
Kit Rockhill
Armelle Sandrin-Deforge
Armelle Sandrin-Deforge
Jeffrey Schlegel
Jeffrey Schlegel
Brian Sedlak
Brian Sedlak
Howard Sidman
Howard Sidman
+2 more
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REGULATORY ISSUES & UPDATES 

The CBAM Definitive Phase: Between Regulatory Ambition and Political Hesitation

The EU's Carbon Border Adjustment Mechanism ("CBAM") imposes carbon costs on imports of cement, iron, steel, aluminum, fertilizers, electricity, and hydrogen to prevent carbon leakage and maintain competitiveness. Following a transitional reporting period, the definitive phase began January 1, 2026, introducing financial obligations for importers and transforming CBAM from a monitoring tool into an economic instrument.

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New York's Two-Track Climate Reporting Regime: From Measurement to Mandatory Disclosure

New York's greenhouse gas ("GHG") reporting framework has two tracks: a facility/supplier-based rule (which is already in effect); and a proposed corporate disclosure rule, which would apply to more companies. Both address GHG data, but differ in legal status, scope, and compliance impact.

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