The European Parliament issued a release announcing its approval of simplifications to the Carbon Border Adjustment Mechanism (CBAM) on 10 September. The changes must now be endorsed by the Council of the European Union.
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CBAM: Parliament adopts simplifications to the EU carbon leakage instrument
- New threshold will exempt 90% of importers from EU carbon border adjustment mechanism (CBAM) rules
- Climate ambition maintained as 99% of CO2 emissions from iron, steel, aluminium and cement i…