Today we sent our draft report on the legislative proposal to establish a carbon border adjustment mechanism (#CBAM) to the shadow rapporteurs.
The Commission proposal is an excellent starting point, but I see room for improvement in several areas.
(1/10)
The Commission proposal is an excellent starting point, but I see room for improvement in several areas.
(1/10)
First and foremost I want to thank everyone who reached out to me during these last months, to discuss #CBAM.
After careful analysis of reports, position papers, assessments, draft opinions etc, my team and I came the following conclusions and suggestions 👇
(2/10)
After careful analysis of reports, position papers, assessments, draft opinions etc, my team and I came the following conclusions and suggestions 👇
(2/10)
The scope of the CBAM should be broadened to organic chemicals, hydrogen and polymers.
These products have the right characteristics to be covered by CBAM, and technical complexities can be overcome.
(3/10)
These products have the right characteristics to be covered by CBAM, and technical complexities can be overcome.
(3/10)
Indirect emissions, such as emissions from electricity, should also be covered by CBAM after the pilot phase.
This is extremely important to heighten the climate ambition of this proposal. 🌎
(4/10)
This is extremely important to heighten the climate ambition of this proposal. 🌎
(4/10)
Given the current climate emergency, we need a speedier phase-in of CBAM and a speedier phase-out of free allowances.
Guaranteeing free allowances until 2036 is not in line with the Union’s 2030 climate objectives. ❌
(5/10)
Guaranteeing free allowances until 2036 is not in line with the Union’s 2030 climate objectives. ❌
(5/10)
I therefore suggest to shorten the transitional phase from 3 to 2 years.
The CBAM factor (to reduce free allowances) will start after the pilot phase, and shall be equal to 90 % in 2025, 70 % in 2026, 40% in 2027, and will reach 0% by the end of 2028.
(6/10)
The CBAM factor (to reduce free allowances) will start after the pilot phase, and shall be equal to 90 % in 2025, 70 % in 2026, 40% in 2027, and will reach 0% by the end of 2028.
(6/10)
While the @EU_Commission foresees a decentralized system with 27 CBAM authorities, I want to suggest a centralized system with one EU CBAM Authority.
👉This will offer economies of scale, and would help avoid ‘forum shopping’ because of discrepancies between MS.
(7/10)
👉This will offer economies of scale, and would help avoid ‘forum shopping’ because of discrepancies between MS.
(7/10)
The CBAM should foster cooperation rather than confrontation with our trade partners. 🤝
It should however be very clear, that only trade partners with explicit carbon pricing policies in place can be exempt from CBAM.
(8/10)
It should however be very clear, that only trade partners with explicit carbon pricing policies in place can be exempt from CBAM.
(8/10)
We need to avoid CBAM affecting LDC’s disproportionally. Direct exemptions would however be the wrong signal.
We need to support decarbonisation in LDC’s. The Union needs to provide financial support for this.
(9/10)
We need to support decarbonisation in LDC’s. The Union needs to provide financial support for this.
(9/10)
My draft report will be published online soon!
Looking forward to working with: @KarinKarlsbro @JarubasAdam @yjadot @nicustefanuta @malinbjork_EU @kvanbrempt etc.
To be continued!
#CBAM
(10/10)
Looking forward to working with: @KarinKarlsbro @JarubasAdam @yjadot @nicustefanuta @malinbjork_EU @kvanbrempt etc.
To be continued!
#CBAM
(10/10)
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