The final text of the agreement on the EU’s carbon border measure is expected to be ready in early February.
EU Carbon Border Measure
EU legislators over the weekend reached a provisional agreement on the final details concerning the EU’s planned levy on imports of certain products based on their carbon emissions.
Product scope expansion and where the raised money should go: the details last night’s carbon border adjustment trilogue negotiations below.
EU legislators are facing an uphill battle to conclude negotiations on the proposed carbon border adjustment mechanism before a year-end deadline. The European Parliament’s environment committee chair Pascal Canfin said there was a “long way to go” to reach agreement on the scheme.
As everyone awaits what will happen to the Energy Charter Treaty today, here some notable developments in EU trade policy this week, on top of the fact that member states have found common ground on the coming anti-coercion instrument.
European Commission executive vice-president for the European green deal Frans Timmermans said that he was confident that the EU institutions would reach an agreement on the carbon border adjustment mechanism.
European Union environment ministers adopted their negotiating position on the European Commission’s proposal to reduce the consumption in the EU of products coming from supply chains associated with deforestation.
It’s been another big week in EU trade. The European Parliament has now a position on carbon border adjustment, and climate and labour conditionality in free trade agreements is about to get much much tougher. But there are even more big news – as seen below. By Rob Francis and …
The European Parliament today voted to continue to grant free allocation of CO2 emission allowances to exports from sectors within the scope of the European Commission’s proposed carbon border adjustment mechanism. The rebates would apply to exports destined for third countries without a carbon pricing mechanism.
The three largest political groups in the European Parliament last night struck a new provisional agreement on the proposed carbon border adjustment mechanism ahead of a crucial vote in next week’s plenary session in Brussels.