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EU carbon border levy needs scope extension to downstream products, think tank says

( October 23, 2024, 13:28 GMT | Official Statement) -- MLex Summary: The scope of the EU’s Carbon Border Adjustment Mechanism should be extended to include downstream products to prevent carbon leakage and further competitiveness loss, according to a report by an EU think tank. The European Roundtable on Climate Change and Sustainable Transition argues that while such an extension is necessary, it should be "guided by objective criteria" to avoid creating an administrative burden and increasing compliance complexity.Full report attached. ...

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