In a preparatory document dated 22 June, a copy of which has been made available to EUROPE, the European Commission specifies the conditions to be met by countries that may be exempted from the carbon border adjustment mechanism (CBAM). This version of the future regulation for the CBAM clarifies certain elements such as the scope of the mechanism, fines, and the transitional period, compared to the document EUROPE had access to at the beginning of June(see EUROPE B12733A9).
While many...