The first of a potentially long series of inter-institutional meetings (‘trilogues’) was held on Monday 11 July on the Carbon Border Adjustment Mechanism (CBAM). “The upcoming negotiations will be intense”, warned EU Taxation Commissioner Paolo Gentiloni. The first meeting, which lasted for just one hour, allowed the institutions to present their positions and identify issues to be delegated to the technical level, according to one source.
A second political trilogue is not expected...