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
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This means that European countries support carbon tariff measures
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As of now, the Council of the European Union has not issued a press release, nor has the officially adopted text been published
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Read it tomorrow and read it again
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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
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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
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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
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In particular, this progress does not mean that the EU carbon tariff has gone through the legislative process
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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
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The European Parliament's plan is expected to be finalized in July this year
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Then it enters the tripartite negotiation stage to get the final legal text
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