EU Backs Easing Carbon Border Tax for Importers

Unanimous decision of the 27 EU governments that yesterday Tuesday approved and ratified to exempt 90% of companies from having to pay the climate tariff once it starts to apply next year. Thus, they agree to simplify this surcharge against the import of third-party products manufactured with high CO2 emissions. With this change, the mandatory limit to pay this tariff, called the carbon adjustment mechanism at the border (CBAM), is now left at 5…

On Tuesday, 27 May, the 27 countries approved the first concrete measures of the European simplification plan.

EU Parliament Approves CBAM Exemption for Most Importers

The European Parliament on May 22 endorsed a European Commission proposal that it said would exempt 90% of EU importers from the bloc's upcoming carbon border tax (see [Ref:2502060060]). The new rules would mostly exclude small and medium-sized companies that...

A large number of European companies could avoid the payment of carbon taxes, following a series of legislative amendments proposed by the European Commission and already supported by the Member States of the European Union. The new legislative directive is aimed at restricting the application of environmental contributions [...]

EU supports easing of carbon border tax: most importers will be exempted from payingThe EU has supported a reduction in the carbon border tariff, which will apply to only 10% of companies. From 2027, companies will buy permits to cover emissions when importing.

The governments of the European Union supported this Tuesday the simplification of the tariff against imports of products from third countries manufactured with high CO2 emissions and that, in practice, will exempt 90% of companies from having to pay this surcharge once it starts to apply in 2026.The aim is that European companies affected by this rule will not be at a disadvantage compared to those of other less demanding countries in this area…