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EU carbon border adjustment mechanism

At a Glance 20-06-2022

The European Commission proposed a carbon border adjustment mechanism (CBAM), which aims to level the playing field between EU and third-country producers by putting a carbon price on certain imported products, while phasing out free allocation of emissions allowances to European industry. The European Parliament's Committee on the Environment, Public Health and Food Safety (ENVI) adopted a report that puts forward significant amendments to the original proposal. The vote on the report was re-scheduled ...

The IA clearly identifies the problem that needs to be addressed and details the problem drivers. Furthermore, the IA discusses the evolution of the problem if the EU were to take no action. The IA relates the objectives with the problem/problem drivers in a supported manner. The options for the different policy areas to tackle appear to be sufficient and justified against the objectives. The assessment of the options retained for their economic, environmental and social impacts is thorough, but ...

The EU has implemented the world's largest carbon-pricing system, the emissions trading system (ETS). While pricing emissions can encourage industrial decarbonisation, it also risks carbon leakage, whereby EU companies move their production abroad. To date, the EU has mitigated carbon leakage through free allocations to certain industries, but with rising climate ambition and higher carbon prices, the Commission seeks to phase out free allocations. In parallel, a novel carbon border adjustment mechanism ...

Portugal is set to receive €16.6 billion in both non-repayable support and loans from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. This amount corresponds to 2.3 % of the entire RRF, and to 7.8 % of Portugal's 2019 gross domestic product (GDP). There is a strong focus on the country's social, economic and environmental resilience, with measures targeting culture, housing, health, broad social responses, and forest and ...

The proposal to revise the market stability reserve (MSR) for the EU emissions trading system (ETS) consists of prolonging its current parameters. Under the current rules, the intake rate of allowances to the MSR and the minimum allowances placed in the reserve have been doubled until the end of 2023, to allow for a quick removal of surplus EU ETS allowances. The proposal is aimed at maintaining the current doubled intake rate (24 %) and minimum number of allowances placed in the reserve (200 million ...

Part of a broader revision targeting the EU emissions trading system (ETS), the proposal to revise the market stability reserve (MSR) for the ETS consists of prolonging its current parameters, and is the first legislative proposal from the 'Fit for 55' package to be voted in plenary. Under the current rules, the intake rate of allowances to the MSR and the minimum allowances placed in the reserve have been doubled until the end of 2023, to allow for a quick removal of surplus EU ETS allowances. The ...

On 15 December 2021, the Commission presented a proposal to regulate methane emissions reductions in the energy sector. The proposal is part of the second batch of proposals in the 'fit for 55' package, aiming to align EU climate and energy laws with the EU Climate Law's 2030 target. The proposal aims to address gaps in current legislation: those relating to methane emissions from upstream exploration and the production of oil and fossil gas, but also those from the gathering and processing of fossil ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) covering the period 2021 to 2030. In October 2020, the European Commission published an assessment for each NECP. Sweden submitted its NECP in January 2020. A high proportion of Swedes (76%) expect national governments to tackle climate change. Sweden accounts for 1.4 % of total EU greenhouse gas (GHG) emissions and has reduced its emissions at a slightly faster pace ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) covering the period 2021 to 2030. In October 2020, the European Commission published an assessment for each NECP. Hungary submitted its NECP in December 2019. A high proportion of Hungarians (60 %) expect national governments to tackle climate change. Hungary accounts for 1.7 % of total EU greenhouse gas (GHG) emissions and has reduced its emissions at a slower pace than ...

The EU binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) covering the period 2021 to 2030. In October 2020, the European Commission published an assessment for each NECP. Slovenia submitted its NECP in February 2020. More than half (52 %) of Slovenians expect national governments to tackle climate change. Slovenia accounts for 0.5 % of total EU greenhouse gas (GHG) emissions and has reduced its emissions at a slower pace than ...