Steel, cement and fertilisers should be among the first sectors covered by the upcoming carbon border levy aimed at safeguarding European businesses from cheaper CO2 intensive imports, according to Poland.
On March 10, 2021, by a majority vote, the European Parliament supported the introduction of a carbon tax (the so-called Carbon Border Adjustment Mechanism (CBAM), which will protect European companies from cheap imports from countries that are not decarbonizing their economy.
On February 5, 2021, the Committee on Environment of the European Parliament adopted a resolution to expand the scope of the future carbon tax (the so-called Carbon Border Adjustment Mechanism).
Frans Timmermans, Deputy Chairman of the European Commission, called the introduction of the Carbon Border Adjustment Mechanism a key factor for the survival of European industry.
