echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    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
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    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

    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.