On Tuesday 27 May, the EU’s European Affairs ministers adopted the EU Council’s position on the ‘omnibus’ regulation simplifying the Carbon Border Adjustment Mechanism (CBAM). The Commission’s proposal presented in February (see EUROPE B13588A4) was broadly acceptable to them and it only took a few weeks to agree on a text. They supported the main idea of exempting from CBAM operators whose combined imports of steel, aluminium, fertiliser and cement do not exceed 50 tonnes in...