The impact of the likely Carbon Border Adjustment Mechanism (CBAM) on European importers will be minor, according to a new report by Sandbag and E3G. The CBAM only covers 3.2 percent of goods imported into Europe, but 47 percent of the free emission allowances...
Sandbag’s analysis of the European Commission’s leaked proposal for a CBAM highlights its limited trade scope but significant climate policy implications. Although the covered goods represent a small fraction of EU imports (just 0.8% from China) the sectors involved receive nearly half of all free EU ETS allowances. The CBAM aims to replace these with a carbon pricing mechanism on imports, particularly affecting steel and aluminium. While importers may face increased costs, much of this is expected to be offset through higher consumer prices.
The European Parliament has voted to approve an Own Initiative report on the Carbon Border Adjustment Mechanism (CBAM). However, parliamentarians have missed an opportunity in removing the call for the phase-out of free allocation from the final report. Despite the...
The European Commission’s plan for a Carbon Border Adjustment Mechanism cleared its first hurdle today as the ENVI Committee of the European Parliament passed an own initiative report broadly supportive of the mechanism. The report regards a Carbon Border...
The public consultation on the Carbon Border Adjustment Mechanism is coming to a close. The European Commission has been collecting stakeholder opinions on one of its most talked-about policy projects: ensuring that imports to the EU are subject to the same carbon...
In the context of renewed debate on the introduction of Border Carbon Adjustments (BCAs) in the EU. What issues are likely to arise with this introduction? What are the possible ways forward? This report gives an overview of the issues surrounding the introduction of BCAs in the EU.
31st January, Brussels - As the EU debates whether to raise border tariffs on cement, new research by environmental think-tank Sandbag shows the proposed tariffs can create better incentives to cut cement emissions and reward companies that produce low-carbon...
MEPs vote on reforms to tackle cement sector’s windfall profits from the ETS A vote in the European Parliament this morning could put an end to the cement sector’s windfall profits from the EU carbon market. MEPs in the European Parliament Environment Committee...
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