Midea Building Technologies Heat Pump Production Line Has Been SGS-Recognized in Response to CBAM Proposal

Under the global consensus to reach carbon neutrality, Midea Building Technologies is committed to promoting decarbonization and aiming to reach net-zero targets by staying future-orientated and actively attending to changes in international carbon tariffs.
In June 2022, the European Parliament reached an agreement on the revised Carbon Border Adjustment Mechanism (CBAM) proposal, scheduled to take effect in 2027. CBAM, a carbon border tariff, targets carbon-intensive products imported from outside the EU. Sectors covered by the new proposal include iron and steel, aluminium, cement, fertilizers, and electricity, with the scope extending to hydrogen and ammonia, polymers, organic chemicals, and indirect emissions generated from electricity used for manufacturing CBAM goods.