The Commission proposed measures to close loopholes to prevent circumvention and strengthen the effectiveness of the EU’s Carbon Financial Mechanism (CBM), in response to comments received from industry. From 1 January 2028, the scope of the CBFF will be extended to include certain steel- and aluminium-intensive downstream products. The Commission also proposes measures to close […]
Commission welcomes deal to simplify and strengthen carbon border adjustment mechanism
The European Commission welcomed the provisional political agreement reached between the European Parliament and the Council last June 18 on the Commission proposal to simplify and strengthen the EU’s carbon border adjustment mechanism (CBAM). On 26 February 2025, the Commission proposed simplifications to the CBAM regulation to reduce administrative burdens for businesses, while maintaining the functionality […]