European Parliament Approves Proposed Changes to EU's Carbon Border Adjustment Mechanism

The European Parliament has announced its approval of proposed changes to the EU's carbon border adjustment mechanism (CBAM), including simplifications that would exempt 90% of importers from the CBAM rules.

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Parliament supports proposals to simplify EU carbon leakage instrument

• New de minimis mass threshold of 50 tonnes would exempt 90% of importers from EU carbon border adjustment mechanism rules
• Environmental ambition maintained as 99% of CO2 emissions from iron, steel, aluminium a…