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

Also in this section
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information