Carbon Border Adjustment Mechanism (CBAM)

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Memo ta’ informazzjoni: Carbon Border Adjustment Mechanism (CBAM)

Practical information

  1. Composition of the study group
  2. Administrator / Assistant in charge: Anna CAMERON + Ulrike MEISSNER / Lukáš ĎURECH
  3. Contact

Background

This mechanism, which is a key component of the December 2019 European Green Deal, is planned by the European Commission to be the subject of a proposal for a regulation in July 2021. It would introduce a carbon price on certain goods, when imported from countries outside the EU that are considered to have less robust carbon pricing arrangements than the EU. 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.

This opinion will provide the civil society perspective on the Carbon Border Adjustment Mechanism.