The Council today adopted a regulation that simplifies and strengthens the EU’s carbon border adjustment mechanism (CBAM), as part of the so-called ‘Omnibus I’ legislative package.
The regulation seeks to provide simplification and cost-efficient compliance improvements to the CBAM. The main aim is to reduce the regulatory and administrative burden, as well as compliance costs for EU companies, especially SMEs. The climate ambition behind the CBAM remains unchanged, as about 99% of embedded emissions in the imported CBAM goods will remain covered.
