The European Parliament's Environment Committee (ENVI) has approved proposals to expand the Carbon Border Adjustment Mechanism (CBAM) to cover more steel and aluminum products downstream. The goal is to reduce carbon leakage across value chains. The committee also backed a temporary financial support mechanism to help industries manage higher costs during the shift to low-carbon production. Lawmakers called for stronger anti-circumvention measures and better monitoring of CBAM implementation. These proposals will shape the Parliament's position in ongoing EU climate policy discussions.
