Concerns about Europe’s CO2 border • Table.Briefings

The EU has placed decarbonization at the top of its agenda to fight climate change. To this end, it has put together the „Fit for 55“ climate package. One of the main pillars of this package is emissions trading – and the associated Carbon Border Adjustment Mechanism (CBAM). It is still at the planning phase. The EU is wrestling with the details. But one thing is clear: CBAM could hit China particularly hard.

The EU has adopted an ambitious climate program, the „European Green Deal“. Its goals are ambitious; by 2030, the EU plans to reduce CO2-equivalent emissions by 55 percent. By 2050, the EU wants to be climate neutral. But the path is complicated: The „Fit-for-55“ package of measures is huge, and many measures are causing heated debates. Nevertheless, the majority of the package is still to be adopted in 2022.

Concerns about Europe’s CO2 border adjustment

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