European Union steelmakers may be at loggerheads with the European Commission on how a Carbon Border Adjustment Mechanism can be introduced in Europe, according to views expressed during a European Steelmakers’ Association March 17 webinar that focused on EU climate policy. Introduction of a CBAM on top of the EU’s current Emissions Trading System would
Posted in Latest Updates Tagged CBAM, decarbonization, Emissions, ETS, Eurofer, Green Steel, WTO Read more...
European Parliament resolution of 10 March 2021 towards a WTO-compatible EU carbon border adjustment mechanism Read more…
Posted in Latest Updates Tagged CBAM, European Parliament Read more...
The European Green Deal adopted by the Commission on 11 December 2019 includes the goal of enshrining thelong-term objective of climate neutrality by 2050 in legislation and increasing the EU’s climate ambition to reducegreenhouse gases emissions by 50-55% from 1990 levels by 2030. In this context, the European Green Dealemphasized that “should differences in levels
Posted in Latest Updates Tagged CBAM, Emissions, Green Deal Read more...
To raise global climate ambition and prevent ‘carbon leakage’, the EU must place a carbon price on certain imports from less climate-ambitious countries, say MEPs. On Wednesday, Parliament adopted a resolution on a WTO-compatible EU carbon border adjustment mechanism (CBAM) with 444 votes for, 70 against and 181 abstentions. The resolution underlines that the EU’s
Posted in Latest Updates Tagged Carbon Border, carbon leakage, CBAM, decarbonise, Emissions Trading System, ETS, Green Deal Read more...
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