On Tuesday 16 December, the European Commission is due to present its proposals for extending the scope of the Carbon Border Adjustment Mechanism (CBAM) to certain “downstream” products, i.e. finished or semi-finished goods. According to the information available at this stage, the Commission wants to focus mainly on finished products rich in aluminium and steel. A temporary support mechanism will also be presented on Tuesday the 16th. This should further prevent carbon leakage....