The French Presidency of the Council of the EU (FPEU) succeeded in getting Member States to adopt its ‘general approach’ to the Carbon Border Adjustment Mechanism (CBAM) on Tuesday 15 March (see EUROPE B12905A11).
A large majority has been built over the last few days around the compromise prepared by France. Most of the countries that were reluctant last week have been convinced by the accompanying note to the text. The Presidency said that important issues, such as the exit from...