Chemical industry criticizes CBAM compromise in Council

The German Chemical Industry Association (VCI) believes that the new Council compromise does not solve the industry’s problems with the planned CO2 Carbon Border Adjustment Mechanism (CBAM). It is true that the Council proposal is better than that of the Commission and Parliament, explains a VCI spokesman. „But viewed in its entirety on the CBAM problem, it is cosmetic and does not change the fundamental problems we have with border adjustment measures.“