Infographic: EU carbon border adjustment mechanism sparks clash over free CO₂ allowances

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The European Parliament on March 10 backed a Carbon Border Adjustment Mechanism which would place a charge on the carbon content of emissions-intensive goods imported into the EU from 2023.

The CBAM aims to level the international playing field for European producers and is intended to replace free carbon allowances for those industries under the EU Emissions System. However, industrial companies want to maintain free allowances, setting the stage for claims of “double protection” and potential legal challenges from Europe’s trading partners under the .

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Author

Frank Watson

Commodity


Power

Topic

Energy Transition, 
and Sustainability, 
: Beyond the Hype, 
Platts Infographics

Source: Platts

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