CBAM — latest ecology news
A major source of contention is the speed at which free emissions permits are phased out
President of Ukraine Volodymyr Zelenskyi and Prime Minister Denys Shmyhal set the task of simplifying doing business
The Council approved a proposal to phase out free benefits for CBAM-related sectors from 2026 to 2035
Creating a Social Climate Fund will help those most affected by energy and mobile poverty cope with rising energy transition costs
There are 60 projects in the steel industry that can reduce 81.5 million tons of carbon emissions per year by 2030
The waiver of free quotas in the sectors covered by the CBAM will last from 2027 to 2032.
CBAM can stimulate the development of lower carbon products in the domestic market
If government and business are partners and continue to work on the same side, then together they will be able to stop the war and rebuild the country
Proposed phasing out of ETS incentives for European industry from 2028 to 2034
It introduces a fee for carbon emissions not only for importers but also for domestic producers
CBAM and ETS may lead to competition from companies that do not have to face the same climate goals
They require a facilitating regulatory framework in several areas