Economy - EU Parliament Votes for Exemptions in the Case of CO2 Border Levy

The EU Parliament wants to relieve small and medium-sized enterprises of the burden on imports of energy-intensive goods.

Environmental, climate protection and sustainability: (dpa) A type of CO2 inch should protect local companies from imports that are subject to less stringent climate regulations. However, the documentation effort is high. That should change.

The EU Parliament wants to reduce the bureaucratic burden on imports of energy-intensive goods such as steel and fertilizer. MEPs in Brussels voted for a change to the so-called CO2 border compensation system (CBAM) to protect local companies from the import of cheap energy-intensive goods, which are subject to less stringent climate conditions in the country of origin.