Opinions with Employers' Group members as rapporteur/co-rapporteur/rapporteur-general
This opinion will provide the civil society perspective on the Carbon Border Adjustment Mechanism. The main purposes of the Carbon Border Adjustment Mechanism (CBAM) would be to discourage EU businesses from moving their production to countries with less ambitious climate change policies (carbon leakage) and to encourage a global move towards net zero carbon emissions by 2050 in line with the Paris Agreement.
The EU ETS was launched in 2005 and covers about 45 % of EU greenhouse gas emissions. The latest revision of the EU ETS Directive, adopted in 2018, sets the total quantity of emission allowances for phase 4 (2021-2030), in line with what was the current EU emission reduction target at the time (40 % reduction below 1990 levels by 2030).
Note d’information: Taxinomie de la finance durable – changement climatique
This additional opinion will complement and update the proposals made in the original 2021 ASGS opinion, adopted in February this year. The purpose of the additional opinion is to take into account recent developments as regards the implementation of the Recovery and Resilience Facility and the National Recovery and Resilience Plans.
The European Semester has been adapted to the special circumstances triggered by the pandemic and it is playing a central role in the recovery, through the implementation of the Facility. The additional opinion is necessary for the EESC to make related proposals and it will be presented to the October 2021 Plenary in order to provide a timely input to the Commission's preparation of the next ASGS expected for November 2021. It will therefore target directly the next European Semester cycle at the right political and institutional moment.