12/01/2022 (Agence Europe) – The European Union’s Carbon Border Adjustment Mechanism (CBAM - see EUROPE 12863/1) does not ensure fair international competition, says SMEunited, the European association that represents SMEs and the craft industry, in a position paper published on Wednesday 12 January. The organisation wishes to: - include indirect CO2 emissions in the mechanism; - include a compensation mechanism for European exporters to third country markets; - calls for simplified procedures and fewer reporting requirements for SMEs. According to SMEunited, any increase in the price of goods or a shortage of supply must be avoided to prevent carbon leakage and the relocation of European companies. “The proposal needs to be reworked in order for it to achieve its objectives”, considers SMEunited. To read the position paper: https://bit.ly/3HX6t8j (PH)