EU carbon border mechanism to require surrender of certificates: draft proposal

摘要

A proposed EU Carbon Border Adjustment Mechanism will require companies importing carbon-intensive goods into Europe to surrender certificates based on their carbon content, according to a leaked draft legislative proposal seen by S&P Global Platts. Companies will be required to make a CBAM declaration setting out the embedded CO_2 emissions in imported goods for each calendar year, according to draft documents. The documents come ahead of an expected legislative proposal for a CBAM by the European Commission in July, in a controversial move that seeks to protect EU-based industries from carbon leakage – the risk of moving operations to avoid carbon costs.