EU Parliament Approves CBAM Changes, Eases SME Burden

EU Parliament Approves CBAM Changes to Aid SMEs and Cut Emissions

The European Parliament has approved a big change to the Carbon Border Adjustment Mechanism (CBAM). This update makes the carbon import rules of the EU CBAM simpler. It also gives a major exemption for small and medium-sized enterprises (SMEs). The new rule passed with a strong 564-20 vote. It sets a 50-tonne annual import limit. This change exempts about 90% of importers but still targets 99% of embedded emissions. These changes are a key miles…

EU Parliament Approves CBAM Changes, Eases SME Burden

Lawmakers in the European Parliament have given a resounding approval to proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods. The vote, which passed with 564 in favor and 20 against, signals a significant shift in the EU’s approach to carbon regulation, aiming to balance environmental goals with economic realities. The changes… Source

EU Lawmakers Agree to Exempt 90% of Companies from CBAM Import Carbon Tax

Lawmakers in the European Parliament voted 564 – 20 today to approve proposed changes to approve proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods, which would exempt the vast majority of importers from the CBAM rules, while allowing the mechanism to continue to cover nearly all emissions […]

The proposal of the community executive was the subject of deliberation by the MEPs and received 564 votes in favor, 20 against and 12 abstentions. MEPs gave a 'green light' to a new de minimis mass threshold of 50 tons, which will exempt 90% of importers from the rules of the Border Carbon Adjustment Mechanism. At the same time, these rules include 99% of carbon emissions from the import of iron, aluminum, steel, cement and fertilizers into the…

The proposal of the community executive was the subject of deliberation by the MEPs and received 564 votes in favor, 20 against and 12 abstentions. MEPs gave a 'green light' to a new de minimis mass threshold of 50 tons, which will exempt 90% of importers from the rules of the Border Carbon Adjustment Mechanism. At the same time, these rules include 99% of carbon emissions from the import of iron, aluminum, steel, cement and fertilizers into the…