US EditionEU to strengthen carbon levy on high-emission imports, crack down on attempted evasion
The EU will use 25% of carbon border levy revenue to compensate manufacturers for higher costs and aims to prevent carbon leakage by covering more product categories.
8 Articles
8 Articles
EU to strengthen carbon levy on high-emission imports, crack down on attempted evasion
The European Union will expand its carbon border levy - a fee charged on imports of high-emission goods - to cover car parts and washing machines, under European Commission proposals published on Wednesday.
EU eases carbon emissions rules to support European vehicles and batteries
The European Commission today presented a new automotive package that aims to give car manufacturers more flexibility to meet their carbon dioxide emissions targets, while strengthening support for vehicles and batteries made in the EU. The package maintains the bloc's commitment to climate neutrality by 2050 and […]
The European Union will expand the CO2 border tax to include finished products like washing machines next year. The measure, announced by European Commissioner Wopke Hoekstra (Climate and Clean Growth), is intended to close existing loopholes in the legislation. Non-EU companies will no longer be able to avoid the climate tax by relocating their production. Until now, the Carbon Border Adjustment Mechanism (CBAM) only applied to raw materials li…
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