Influential MEPs favour phasing out free EUA allocations once border levy imposed

Published 17:19 on February 2, 2021  /  Last updated at 22:44 on February 2, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Parliament’s environment (ENVI) committee is due to vote this week on its position on a carbon border adjustment mechanism (CBAM), with a large majority of political groups endorsing a gradual phaseout of the free EU carbon allowances currently given to the bloc’s heavy industry.

The European Parliament’s environment committee (ENVI) is due to vote this week on its position on a carbon border adjustment mechanism (CBAM), with a large majority of political groups endorsing a gradual phaseout of the free EU Allowances currently given to the bloc’s heavy industry.

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