Business is seeking protection from countries with less stringent controls on carbon
EU border carbon tariff set for long battle
Industry is pushing for carbon tax on imports while enjoying free allocations
EU lawmakers have set the stage for a prolonged struggle over proposals to implement a border carbon adjustment mechanism (BCAM), as industry lobbies fight to preserve the exemption from paying for credits under the EU Emissions Trading System (ETS) that has saved them billions of euros in costs. The critical issue is whether the implementation of a tariff on carbon-intensive imports would mean EU industrial companies are also required to pay for their emissions. c.50pc – Share of total EUAs provided free to industry The European Parliament’s environment committee approved a report in February that called for a BCAM to be implemented by 2023 that would cover the power and energy-inte
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