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EU Council, Parliament strike deal on simplification of CBAM
The European Council and Parliament have reached a provisional pact on an ‘Omnibus I’ legislative package proposal: a regulation that simplifies and strengthens the EU carbon border adjustment mechanism (CBAM). New de minimis mass threshold of 50 tonnes will exempt 90 per cent of importers from CBAM rules. CBAM’s climate goals have not been compromised. Import procedures will also be simplified.
The European Council and Parliament have reached a provisional pact on an ‘Omnibus I’ legislative package proposal: a regulation that simplifies and strengthens the EU carbon border adjustment mechanism (CBAM).
New de minimis mass threshold of 50 tonnes will exempt 90 per cent of importers from CBAM rules.
CBAM’s climate goals have not been compromised.
Import procedures will also be simplified.
