View more
Related
REEI 2022/02/23
REEI 2020/09/25
REEI 2014/12/10
View more
Topics
View more
Publications
Newsletter
Article List > Article details
CBAM: Parliament pushes for higher ambition in new carbon leakage instrument
REEI 2022/06/23
On Wednesday, the European Parliament adopted its position on the regulation establishing the world’s first Carbon Border Adjustment Mechanism with 450 votes for, 115 against and 55 abstentions. The main content is as follows:
Phasing in CBAM from 2027 and ending free allowances in EU ETS by 2032
Scope should be extended to include organic chemicals, plastics, hydrogen and ammonia as well as indirect emissions
EU budget should support least developed countries through amounts equivalent to sums collected through CBAM
Need for a centralised EU CBAM authority
Guest post from European Parliament