European Parliament approved amendments to the EU Carbon Border Adjustment Mechanism aimed at reducing administrative burdens for SMEs and occasional importers
New De Minimis Threshold Introduced
The amendments introduce a 50 tonne annual import threshold exempting about 90 percent of importers mostly SMEs and individuals from CBAM compliance simplifying reporting obligations significantly
Climate Ambitions Maintained
Despite exemptions CBAM still covers 99 percent of CO2 emissions from imports of iron steel aluminium cement and fertilisers ensuring EU climate objectives remain strong
Simplified CBAM Procedures
Reforms streamline authorisation of declarants calculation of emissions verification processes and financial liability management to improve efficiency and reduce complexity
Safeguards Against Misuse
Strengthened anti abuse provisions prevent circumvention ensuring the environmental integrity and effectiveness of the CBAM mechanism
Balanced Approach for SMEs and Climate
The European Parliament’s adoption balances reducing burdens for SMEs while maintaining robust climate protections reinforcing EU leadership in sustainability
Reference: European Parliament Press Release
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