At the Agriculture Council meeting on Monday 26 January in Brussels, Austria, supported by a number of countries, including France, Poland, Portugal, Italy, Belgium and Romania, called for the immediate suspension of the Carbon Border Adjustment Mechanism for fertilisers.
CBAM requires importers to pay a carbon price equivalent to that paid by European producers under the EU Emissions Trading System (ETS). For fertilisers, which are energy-intensive, this automatically increases the cost...