CO2 tax: first okay for finished products, but the clause on price increases is dropped
On 15 September, the European Parliament adopted its position on the extension of Cbam (carbon border adjustment mechanism: the carbon tax applied to goods imported from non-EU countries) and...
The European Parliament adopted its position on extending the Carbon Border Adjustment Mechanism (Cbam) and establishing a fund to support decarbonization on September 15. The Parliament supported the European Commission's proposal to extend Cbem's application to a wider list of downstream products, including finished steel and aluminum products.
The mechanism will not apply to electricity flows from non-EU countries used to maintain grid stability. The Parliament also adopted its position on a temporary decarbonization fund to protect EU producers on export markets, with financial support to be disbursed from 2027 to 2029. The fund will be extended to fertilizer producers and operators facing higher carbon-related costs.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
