G7-led climate club to exempt members from border measures, says German official

Published 00:30 on September 23, 2022  /  Last updated at 12:17 on September 23, 2022  /  Americas, Carbon Taxes, CBAM, EMEA, International, US  /  No Comments

The ‘inclusive’ climate club due to be unveiled by year-end by the G7 will exempt its member nations from the carbon border adjustment mechanisms (CBAMs) of other members, a German official told a conference on Thursday.

(Adds clarification that CBAM exemptions could occur if nations’ ambitions are comparable)

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