News and analysis on trade policy in Europe
Friday, June 2, 2023
The European Parliament adopted the EU’s coming carbon border adjustment mechanism over which an inter-institutional deal with EU member states and the commission was agreed last December. This paves the way for the world’s first carbon levy. Here is where the legislation is at, what’s in it and what isn’t …
The European Parliament’s environment committee approved the inter-institutional agreement on the EU’s planned carbon border measure which was struck last December. Below, key details of the new legislation – the world’s first carbon border levy – and on when it’s coming into force.
The final text of the agreement on the EU’s carbon border measure is expected to be ready in early February.
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 …
