On 24 April 2025, HM Revenue & Customs (HMRC) and HM Treasury published draft primary legislation and an associated technical consultation on the introduction of a UK carbon border adjustment mechanism (CBAM). The draft CBAM legislation follows a prior public consultation on the UK Government’s initial proposals for a CBAM which concluded in June 2024. CBAM forms part of the UK government’s wider strategy to tackle carbon leakage. To achieve this it will impose a carbon price…