About: cbam

Germany’s Scholz rallies G7 countries behind “climate club” idea

G7 countries have put their weight behind German Chancellor Olaf Sholz's idea to create a climate club of ambitious countries aiming to accelerate their efforts, which is seen as complementary to the EU’s carbon border tax.

Parliament’s biggest group rejects compromise on EU carbon border tax

Lawmakers are gearing up for a cliff-hanger vote on the EU’s proposed carbon border adjustment mechanism (CBAM) next week after the European Parliament’s main political groups failed to agree a common stance on when the new scheme should start to apply.

Lawmakers vote to end free CO2 pollution permits by 2030

Lawmakers in the European Parliament’s environment committee agreed a major overhaul of the EU’s carbon market on Tuesday (17 May), including ditching free permits to pollute by 2030 and expanding the EU's carbon pricing scheme to the maritime sector.

EU countries agree world’s first carbon tariff, but leave out controversial issues

The EU's 27 economy ministers reached an agreement on Tuesday (15 March) to introduce a carbon levy on imports of highly-polluting goods like steel, cement and fertilisers, but kicked the can down the road on controversial aspects like the use of revenues coming from the scheme.

EU in balancing act over carbon border levy, industry concerns

The European Commission’s proposed Carbon Border Adjustment Mechanism is meant to replace free allowances distributed to industry under the existing EU ETS, but European steelmakers worry the transition will be a mess and leave them without protection from foreign competitors.

German industry wants export rebates, free certificates and a carbon border levy

As France continues to push for a new border levy for carbon-intensive products entering the EU, German stakeholders fear that the removal of their free permits to pollute could destroy their competitiveness abroad.

Europe’s carbon border levy could pose another post-Brexit challenge for Ireland

The European Union is planning to introduce a levy for carbon-intensive goods later this decade, but it risks creating more post-Brexit problems on the island of Ireland and landing importers of UK goods with potentially expensive new procedures.
Elections 28-01-2022

Pécresse riding the fine line between Macron and Le Pen on Europe

Valérie Pécresse, the right-wing candidate for Les Républicains, has presented her "patriotic and European" vision for Europe. It flirts between the one presented by 'not-yet candidate' Emmanuel Macron and far-right leader Marine Le Pen. EURACTIV France reports.

Scholz walks EU tightrope in push for ‘international climate club’

German Chancellor Olaf Scholz has championed the creation of a "climate club" bringing together large economies pushing for more ambitious climate action. But as the EU pushes for a carbon tariff at its border, he is walking a diplomatic tightrope.

EU ministers mull carbon border tax, argue over nuclear’s green credentials

European Union environment ministers gathered in France Thursday (20 January) to mull climate policy and the merits of a carbon border tax, while airing differences on whether nuclear energy can be classified as "green".
Elections 19-01-2022

Presidential candidate Mélenchon ready to push for EU Treaty reform

Jean-Luc Mélenchon, presidential candidate of radical left party La France Insoumise, hopes to push member countries to break away from EU treaties "that block us" if he wins the election in April.

Lawmaker drafts ‘complete overhaul’ of EU carbon border levy

The EU lawmaker in charge of negotiating Europe’s upcoming levy for carbon-intensive imports has recommended drastic changes, including a quicker rollout and adding more products to the scope of the draft legislation.

New ‘own resources’ for EU budget will come from carbon market, executive says

The European Commission on Wednesday (22 December) announced its intention to use revenues from the EU carbon market and upcoming border levy as well as taxes on multinational companies in order to repay money borrowed for the bloc's €800 billion coronavirus recovery fund.
Economy & Jobs 13-10-2021

South Korean trade minister calls for closer ties with the EU

Ten years after the free trade agreement between the EU and South Korea was signed, South Korean trade minister Yeo seeks to modernize it by including investment protection and new technologies.

Carbon market largely unaffected by EU border levy, think tanks say

Over half of the heavily criticised free allowances, which allow certain EU companies to emit CO2 without paying, will remain unchanged under current plans for the tool designed to replace them, according to climate think-tanks.

EU industry shuns carbon border levy, calls for export rebates

European industries covered by the EU's future carbon border adjustment mechanism (CBAM) have expressed doubts about the proposal, tabled last week. In addition to border measures, they are calling for an export rebate scheme to help green EU products compete on global markets.

German industry worried about EU carbon market reform, sceptical of CBAM

Industry in Germany watched the presentation of the European Commission’s new package of energy and climate laws with bated breath on Wednesday (14 July), expressing worries about a reform of the EU’s carbon market that could see free CO2 pollution...

The Green Brief: CBAM enters with a bang

The EU's carbon border adjustment mechanism – or CBAM – entered with a bang last week when a draft of the EU’s upcoming new regulation was leaked to the press. The document raised as many questions as it answered, however.

US raises concerns over Europe’s planned carbon ‘border tax’

Implementing a border levy to price carbon-intensive imports and protect European industries will be “extremely complicated,” warned Jonathan Pershing, a member of the US climate envoy’s team.