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    Home > Chemicals Industry > China Chemical > EU carbon tariff gets preliminary approval in European Council

    EU carbon tariff gets preliminary approval in European Council

    • Last Update: 2022-04-30
    • Source: Internet
    • Author: User
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    At a meeting of the European Council's Committee on Economic and Financial Affairs (ECOFIN) on March 15, the finance ministers of the 27 EU countries adopted a carbon tariff proposal from France, which holds the rotating presidency of the European Council
    This means that European countries support carbon tariff measures


    As of now, the Council of the European Union has not issued a press release, nor has the officially adopted text been published
    Read it tomorrow and read it again


    Compared to the European Commission's original proposal, the Council of the European Union has opted to centralize the management of the carbon boundary adjustment mechanism to improve feasibility and efficiency
    The EU Council also plans to set a minimum threshold to exempt products valued at less than 150 euros from carbon boundary adjustment mechanism obligations

    This measure will reduce administrative complexity, as about one-third of goods shipped to the EU fall into this category, and their carbon footprint is not high


    In particular, this progress does not mean that the EU carbon tariff has gone through the legislative process
    It means that after the European Commission, the European Council has also formed its own carbon tariff plan, just waiting for the European Parliament's plan

    The European Parliament's plan is expected to be finalized in July this year

    Then it enters the tripartite negotiation stage to get the final legal text


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