Discover and read the best of Twitter Threads about #FF55

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The #CBAM proposal was released almost 3 months ago. Various aspects of the proposal have been already discussed: impact on economy, int'l trade patterns, compatibility w/ WTO & Paris Agreement.

I’d like to highlight here a number of less discussed issues. (thread)
At the outset, let me point out that two main issues that in my view will determine the future of #CBAM in the Council and the Parliament have been somewhat discussed in the media, but in an insufficient and highly distorted way: free ETS allowances and export competitiveness. /1
Free allowances are an emotional issue. I won't focus on them here: I will address them separately in a few days. But I would like to emphasize that these two issues are insufficiently analyzed and the public discussion on them is distorted, so expect major surprises. /2
Read 83 tweets
Here we are ! Finally, after 18 months of big talks and long-term objectives about #EUGreenDeal, @EU_Commission releases its mammoth package #FitFor55 #FF55.
Here is my key take-aways: the good, the bad, the ugly. #Thread 👇
Good 1: that’s a massive policy push to transform #EUGreenDeal promises into concrete actions to change our ways of life. @FransTimmermans recognises this will be “bloody hard”, but righly underlines that our future depends on it.
Good 2: Creation of the Social Climate Fund that we @DelorsInstitute have been calling for years. This Fund should start as of 2025 with EU budget, and could invest up to 70Bn€ from 2025 to 2032 to finance national plans to ensure social justice in the transition. #EnergyPoverty
Read 12 tweets

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