EU Carbon Border Adjustment Mechanism: Stakeholders Clash Over Carbon Pricing and Verification
brusselstimes.comThe European Commission is refining the definitive phase of its Carbon Border Adjustment Mechanism (CBAM). Recent feedback shows a divide between EU and non-EU stakeholders regarding which foreign carbon pricing schemes, taxes, and credits should be recognized to reduce import bills. Key points of contention include the eligibility of carbon offsets and the strictness of rebate limits. Industry players in steel, aluminum, and chemicals are pushing for standardized digital documentation and mutual recognition of verification standards to avoid trade barriers and double charging.
