EU Parliament Agrees to Exempt 90% of Importers From CO2 Tariff

MEPs agree carve out for 90% of EU-importing firms on carbon levy

EU lawmakers have agreed to exempt 90 percent of importers from the bloc’s carbon border adjustment mechanism rules in a move designed to help small businesses.

MEPs adopted, by a very large majority, a text aimed at removing citizens and SMEs from the scope of the carbon tax at the borders. ...

EU Parliament agrees to exempt 90% of importers from CO2 tariff

Just 10% of importers will face paperwork under the EU’s new carbon tariff — but 99% of emissions will still be covered.

Brussels Blinks: Green Tax Gutted After Industry Pushback

In a major shift, the European Parliament has voted to sharply scale back one of the EU’s key climate policies—cutting red tape and costs for most importers.On May 22, MEPs overwhelmingly approved changes to the EU’s Carbon Border Adjustment Mechanism (CBAM), a policy designed to impose CO2 emission costs on products imported from third countries.The key change: companies that import less than 50 tons of CO2 per year will now be exempt from the …

EU Moves to Simplify Carbon Border Tax for Small Importers

Impakter EU Moves to Simplify Carbon Border Tax for Small Importers Today’s ESG Updates EU Parliament Approves Big Exemptions in Carbon Import Rules: New emissions threshold cuts 90% of importers out of CBAM rules. Microsoft Signs Record Biochar Carbon Removal Deal: Partnership with Exomad Green shows rising trust in climate tech. Spring Drought Raises Concerns for European Farmers: Farmers face crop risks as dry weather hits […] The post EU Mov…

The world's first CO2 tariff is to cover only ten percent of companies importing products into the EU. The proposed adjustment, which also includes less stringent reporting requirements, was agreed by the EU Parliament.