The agreement on the revision of the Emissions Trading System (ETS) reached on Sunday 18 December (see EUROPE B13087A4) has prompted reactions from business representatives, particularly on one point of the text directly linked to the Carbon Border Adjustment Mechanism (CBAM): the fate of exports of products covered by the CBAM.
Companies are concerned about their competitiveness on external markets, as when CBAM comes into force they will gradually lose the free emission allowances that...