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EU carbon border levy should come on top of free ETS permits, industry group says

( June 24, 2021, 09:28 GMT | Official Statement) -- MLex Summary: A forthcoming EU climate levy on polluting imports, known as Carbon Border Adjustment Mechanism, should be “additional and complementary” to the allocation of free carbon permits and compensation for higher electricity bills due to the Emissions Trading System, the European Roundtable for Industry has said today. The association, which gathers around 60 business executives from different sectors, said in a statement that the CBAM should be introduced after a “pilot phase” for certain sectors. A proposal by the European Commission is due on July 14.The full statement is attached. ...

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