The Member of the European Parliament, Margarida Marques, met with CIP and its associates to discuss the European Commission’s proposal to introduce the CBAM (Carbon Border Adjustment Mechanism) – a new carbon tax on certain imported products. During the meeting, the main concerns of the sectors most impacted by CBAM were presented, and amendments to the proposal under development by the European Parliament were discussed.

Some of the main concerns mentioned were: the need to properly assess the impacts of this proposal; to maintain transition periods, in particular about free carbon emission allowances; to minimize risks of evasion and triangulation; and the non-inclusion of indirect costs in the CBAM calculation. To read the latest CIP article on CBAM (in Portuguese), click here.