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Europe Daily Bulletin No. 12755

6 July 2021
Contents Publication in full By article 18 / 32
EXTERNAL ACTION / Trade/climate
European Commission does not plan to exempt least developed countries from EU’s Carbon Border Adjustment Mechanism
Brussels, 05/07/2021 (Agence Europe)

The European Commission will present its proposal for a Carbon Border Adjustment Mechanism (CBAM) on Wednesday 14 July, as part of its package “Fit for 55”. EUROPE had access to a preparatory document of the pending regulation (see EUROPE B12733A9)

According to an EU diplomat, the mechanism will apply to all companies, regardless of their country of origin. The European Parliament and several observers are calling for an exemption for the least developed countries. 

Ukraine, which is...

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