GT9 – The EU CBAM after the French Presidency: a state of play

Description

As one of the priorities of the French Presidency of the EU Council was the CBAM, trilogues between the three EU institutions are starting. In this context, Europe Jacques Delors assesses the progress reached and compares the positions of the EU institutions against the three basic principles that we outlined previously.

GT9 – The EU CBAM after the French Presidency: a state of play

As part of the “Fit for 55” package of measures intended to decrease EU greenhouse gas emissions by 55% by 2030, a major step was taken by the European Parliament on 22 June 2022 through its vote on a new EU Carbon Border Adjustment Mechanism (CBAM).

This follows on the European Commission’s proposal of July 2021 and an agreement within the Council in March 2022, complemented by its decision on the reform of the European Trading Scheme (ETS) on 28 June 2022.

The French Presidency of the Council had made CBAM one of its highlight priorities. These first reading’s agreements of the two EU co-legislators represent a clear achievement.

As the EU institutions head into trilogue negotiations in the autumn, we take stock of the progress reached so far and assess the respective positions of the three institutions in light of a set of key principles.