The Czech Presidency of the EU Council reached an agreement with the European Parliament on the Carbon Border Adjustment Mechanism (CBAM) after a long night of negotiations from Monday 12 to Tuesday 13 December. However, it made it clear that this agreement was conditional on the agreement on the revision of the Emissions Trading System (ETS), the last negotiation meeting (‘trilogue’) of which is scheduled to take place on 16 and 17 December.Â
Several key points of the ETS revision...