On Tuesday 14 April, the European Court of Auditors cast doubt on the structure and impact of the future ‘Temporary Decarbonisation Fund’, as envisaged by the European Commission at the end of 2025 (see EUROPE B13775A10).
With €632 million from the sale of certificates through the Carbon Border Adjustment Mechanism (CBAM), this instrument will support the decarbonisation efforts of European companies in carbon-intensive sectors (steel, aluminium, fertilisers) whose production is at...